Token burns have become particularly popular throughout the past years in the cryptocurrency market as more projects are resorting to this method of reducing their primary token supply.
The process of burning tokens, however, is different and varies from one project to another, with the only common denominator being its purpose.
That’s why it’s important to fully understand how a project’s tokenomics, particularly associated with token burns, will affect its supply-and-demand dynamics and what it actually means. With Shiba Inu (SHIB) becoming one of the most popular ecosystems in the industry, with millions of holders and community members, the following piece is aimed at demystifying some of the technicalities behind it.
First, we have to answer the most pressing question.
What is a Token Burn?
We have dedicated a guide on cryptocurrency token burns that you can find here.
In brief, token burns refer to the process when crypto projects undertake certain actions to permanently de
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