What is coin or token burning?

[bison]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Coin or token burning is often used as a way to increase the value of a coin or token, and is often considered the easiest way to increase its value, but in reality not everything goes as expected, a coin or token that is burned must have good potential in the crypto market, community big fans and continuous development, if the coin or token that is burned is just a shitcoin that is not that much in demand, it will be useless even if it is pumping but is temporary and will eventually come back and even sink.

[Anguwa]

Burning of cryptocurrency token can simply signifies the rate at which there is a decrease in a particular cryptocurrency token supply and yield price increment of that particular cryptocurrency token.

[Jackl87]

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

I am a really big fan of projects that have some kind of token burn implemented in their tokenomics. As you already said binance is great example for what happens if you have an already good project with a token that has a use case and on top of that you even have a token burn mechanism that will gradually decrease the existing supply of the token. That doesn't mean though that a token burn mechanic is automatically guaranteeing that the price of the token will rise. Just look at all those meme-coins that came out a few months ago, a lot of them had a token burn included in their tokenomics but today 99% of those projects are dead despite that.

[imstillthebest]

Coin or token burning is often used as a way to increase the value of a coin or token, and is often considered the easiest way to increase its value, but in reality not everything goes as expected,

its a common misconception that a lot are still falsely believeing , this is why lots of shit and scam projects are now using the word token burning to their marketing because they knew that it will attract investors .

We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

i didnt know this but thanks for this trivia . bnb is a succesful coin and i think that other factors contributes to its growth not just burning

[Alf_m.h]

Burning is commonly used to lure communities to buy a coin by reducing the amount of initial supply. This proved until now to be even the most liked news community and investors. Usually the coin that is experiencing burn will immediately go up.

After that most of them become meaningless coins, only during the Burn period they will rise rapidly, usually there are some coins stuck, and wait for the right time then it will sail again.

[mdzahed134]

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Yeah, a project team will plan to burn token when they see token price didn’t increase what they are expecting price. Binance burned token for many times, It’s huge potential project as per as market demand so i think with any random coin you will never comparison with BNB token. Shit coins will increase after burn token there are no guaranteed.

[RussianEnglishTranslation]

Burning coins or tokens removes them from the supply, which makes the token more rare/valuable. If there is demand for the token, this can increase it. You have to consider that there may be more valuable thing you can do with funds rather than burning them though, like DeFi rewards, DApp developer rewards like what NEAR protocol is doing, or put them into a DAO for community management.

[kaseygriffin]

Coin burning is the process of permanently removing cryptocurrencies from circulation, reducing the total supply.
Most projects have a coin burn plan, with some intent that this can help increase the coin's value.
But we tend to think that burning coins increases their value when the supply in the circulating market becomes scarce. And for that is a positive trend in the future. But that's not it. Since we believe that they are really scarce, demand increases with the expectation that they will really increase their value, but at the same time there are many other ways to create coins. For example, the Bitcoin example also generates new tokens in some cases through a hardfork.

[AwoCorporation]

Coin burning is mostly done in various coins, big coins in the crypto space also do it, indeed coin burning will cause scarcity and it will result in rising prices, but please note that this increase is also due to a large community of fans who are willing to participate in pushing the coin to sell. go up, without a large community, burning coins will only be in vain, because the ups and downs of prices also come from the activities of investors in transacting using these coins.

[batang_bitcoin]

After that most of them become meaningless coins, only during the Burn period they will rise rapidly, usually there are some coins stuck, and wait for the right time then it will sail again.

That makes sense. That's why some projects are announcing that they're going to burn this amount of their tokens which is equivalent to quite a sum of money.
And that's very attractive to everyone who's looking to have some quick money. It is the usual thing in the market, when you see the news you'll rush to be the first to buy it.

[airdata]

  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

The main reason of Burning is reduce coin from total supply and we always believe that Low supply means following token price will more increase but it is not effective for all coin. Have Many project with Billion Token but their price is high so it is depend project's use case, team their concept etc. So low supply means more price it is not correct.           

[impulse709]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Practically not all burned coins will go up in price. It is true that the normal number of burned coins will cause the price to skyrocket but there are coins that are worthless even after burning many times still have no value. and we look closely and the coins are mainly coins. have the top 100 on coinmartketcap if the coins have good features and strong market development direction and they take measures to burn coins to help reduce inflation and improve the value of their coins, of course the price will increase, but conversely, coins with a total supply of 1 million billion billion, actually burning 1 salary 20% can't solve anything.

[Om.monata]

As a result, the supply of that coin will decrease and the price of the coin will increase.

the decrease of supply is guaranteed, but price doesn't necessarily will rise. if the token is garbage, market won't care about it that much. if the demand stays the same or improve, that might help. but if not, it's just a hopium/copium for bag holders. don't fall for trick like that.

this is true bro, not always coins that are burned can increase because the most important thing is how the development of the coin and the development of the coin team to make the price of the coin increase.  not from the burning

[Slon55koz]

Coin burn is generally to reduce the circulating supply of a particular asset type. I believe they're several factors that pushes project development teams into burning part of their token supplies, it could be in a bid to impress investors as reduction in token supply will cause an upward price action. But sadly, many shit project's out there are using the burning Mechanism to lure and robb unsuspecting investors.

Participation in dubious projects carries certain risks. Including dishonest developers can burn tokens, which can affect the well-being of investors for the worse. But still, I think that if an investor competently allocates his capital, he has much less chance of encountering a substandard project and losing his profit.

[kensaii]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Practically not all burned coins will go up in price. It is true that the normal number of burned coins will cause the price to skyrocket but there are coins that are worthless even after burning many times still have no value. and we look closely and the coins are mainly coins. have the top 100 on coinmartketcap if the coins have good features and strong market development direction and they take measures to burn coins to help reduce inflation and improve the value of their coins, of course the price will increase, but conversely, coins with a total supply of 1 million billion billion, actually burning 1 salary 20% can't solve anything.

True, this is why burning is a desperate move and when a coin announces they plan to burn their coin, the price will either go up (high hope, trusted dev) or go further down (bad reputation, inconsistent dev, broken promises,...). Explain why many coins burning but eventually going dead or fail to increase the price.

[Marykeller]

If the demand is not there, the burning of tokens doesn't make any given sense. The burning of tokens will only make sense when there is much demand for the coin by investors. At least it will help in skyrocketing the price of that token and also make the token to be more scarce.
Every token burning has the ratio of which it is burning against the total supply

[Anonymous100]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Of course, burning coins can increase the price of these coins, because the circulation supply has decreased. Apart from that, the staking system is activated. Binance often does a staking system for BNB coins, so the price of BNB coins can increase without having to wait for a typical bull run. I think Binance uses a lot of methods in pumping up the price of the coin.

[stomachgrowls]

There are many of us who do not know what is burning coins or tokens, so I will highlight the details for them today.
Coin or token burning is the removal or burning of a coin from its total supply.  We can call coin burning the amount of coins that will be removed from the total supply of a coin.The main purpose of burning all coins is to reduce the amount of coins.
Suppose you burn ltc coins, now suppose LTC has a total supply of 100000000, now if you want to burn 20% coins of this project, they can burn coins slowly.

Coin burn results:
  The result of burning coins is that they will reduce the amount of coins from the supply.  As a result, the supply of that coin will decrease and the price of the coin will increase. We all know that 50% of the bnb coins were burned.  And as a result, the price of bnb coins is much higher now.

Of course, burning coins can increase the price of these coins, because the circulation supply has decreased. Apart from that, the staking system is activated. Binance often does a staking system for BNB coins, so the price of BNB coins can increase without having to wait for a typical bull run. I think Binance uses a lot of methods in pumping up the price of the coin.

Burning doesnt really always mean that the price would be rising up on a particular coins/tokens that does have burning event because it would always matter on the demand
itself because the lesser the supply the higher the demand then of course it would really be having that higher price.

Speaking with BnB then this doesnt only  talks about burning mechanism but rather basing off majorly on real use case plus having that momentum
when it comes to those applications that had been made plus having that burned events then the demand is still increasing
then theres no doubt about those numbers.

[cryptohappy02154]

Coin burning reduces the total supply of a coin.  As a result, everyone has a focus on that coin, and then its price moves a little . However, in the case of all coins, burning coins may not result in a price increase.

[wmaurik]

Coin burning reduces the total supply of a coin.  As a result, everyone has a focus on that coin, and then its price moves a little . However, in the case of all coins, burning coins may not result in a price increase.

That's obvious and the team that did the coin burning also has a stronger and clearer reason for doing that, because usually the implementation occurs when a coin that has started to be seen by some people with a very large supply but very little used, so reduced by burning