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
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
QR Code
Abbreviation "Quick Response Code", QR code is a machine readable optical label that stores up to 3Kb of data
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