well token burning is the process in the crypto world where a specific number of tokens are taken out of circulation forever this happens so that some blockchains can balance and deflate their native tokens reducing the supply of the asset in the market it's like deflating a balloon so it doesn't pop it is essential for many projects a cryptocurrency burn happens when a certain amount of tokens are sent to a dead wallet or burn address it is inaccessible because no private key has been created to access it so the coins deposited there are stuck there forever this is similar to a lock for which a keyhole was never built but breathe it's all part of keeping the crypto World running smoothly this burn can be prescheduled to happen at regular intervals or an advanced announcement is sent to the community.
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