جواب سوالات cex
تیتر:
"Crypto Burning Explained: Why Do Coins Get Destroyed?"
What was one of the biggest meme coin burns?
✅ Shiba Inu (SHIB) burning billions of tokens.
What happens to coins once they are sent to a burn address?
✅ They can never be retrieved.
What is crypto burning?
✅The process of permanently removing coins from circulation.
What type of wallet is used for crypto burning?
✅A burn address with no private key access.
Can burning crypto save a bad project?
✅ No, a useless token remains useless even if burned.
Why is crypto burning compared to throwing away money?
✅Because burned tokens can't be recovered.
What is one of the main reasons for burning crypto?
✅ To reduce supply and increase scarcity.
What part of Ethereum transactions get burned?
✅A portion of transaction fees.
What is the potential downside of burning tokens?
✅ It only works if the project has real demand.
What is a common reason why projects announce burns?
✅To create hype and attract investors.
How are coins burned?
✅By sending them to an inaccessible "burn address."
Which project regularly burns its own tokens?
✅Binance (BNB)
💙@Bingxx