Token Burn
By CoinGecko | Updated on Mar 03, 2020
Fret not, there are no virtual fires here. A token burn event refers when an amount of tokens are removed from the circulating supply, this is done either by sending the tokens to a burn address "addresses with very improbable private key generation chance", or to a smart contract that is meant to delete the tokens.
Related Terms
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
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A term used to indicate positive sentiment towards the market or an asset, where investors believe that there will be upward price movement.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
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