🔥What is token burning and why burn?
🪙 “Burning” token means permanently removing several tokens from circulation. To burn the tokens or coins, holders send them to a burner address. Depending upon the implementation, you can burn the native currency or the currency of an alternate chain in exchange, you receive a reward in the native currency token of the blockchain.
🔥 All of this burning activity keeps the network active, and participants are rewarded for their activities (both burning their coins and the coins of others).
📌 Stay tuned, we will have our token burning mechanism coming soon!
🌐 https://app.coinswap.space/#/
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