[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Rackham Rishel [@RackhamRishel](/creator/twitter/RackhamRishel) on x 13.6K followers Created: 2025-07-17 08:55:55 UTC Crypto Definitions: "Burn" In cryptocurrency, burning refers to the intentional and permanent removal of tokens from circulation by sending them to an unusable address, often called a burn address, which no one can access. This process reduces the total supply of the token and is commonly used as a deflationary mechanism to help increase scarcity and potentially support the token’s value. Projects may burn tokens as part of scheduled supply reductions, in response to transaction activity (such as burning a portion of fees), or through buyback-and-burn strategies aimed at rewarding long-term holders. Once burned, the tokens are gone forever and cannot be recovered or used.  XXXXX engagements  **Related Topics** [token](/topic/token) [cryptocurrency](/topic/cryptocurrency) [Post Link](https://x.com/RackhamRishel/status/1945769421944840543)
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Rackham Rishel @RackhamRishel on x 13.6K followers
Created: 2025-07-17 08:55:55 UTC
Crypto Definitions: "Burn"
In cryptocurrency, burning refers to the intentional and permanent removal of tokens from circulation by sending them to an unusable address, often called a burn address, which no one can access. This process reduces the total supply of the token and is commonly used as a deflationary mechanism to help increase scarcity and potentially support the token’s value.
Projects may burn tokens as part of scheduled supply reductions, in response to transaction activity (such as burning a portion of fees), or through buyback-and-burn strategies aimed at rewarding long-term holders. Once burned, the tokens are gone forever and cannot be recovered or used.
XXXXX engagements
Related Topics token cryptocurrency
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