🔥 Token burning is the process of permanently removing tokens from circulation by sending them to an inaccessible address. This reduces the total supply of tokens, which can potentially increase the value of the remaining tokens due to scarcity. Projects often burn tokens to boost their price, control inflation, demonstrate commitment, or incentivize token holders.

☝️ However, it's important to note that token burning doesn't guarantee a price increase, as other market factors also play a role.

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