Token Burn
A token burn is when a certain number of tokens are permanently deleted from circulation, reducing the total supply.
More terms under T
- TimestampA timestamp shows the exact date and time when a transaction took place in cryptocurrency.
- TipsetA tipset is a group of blocks in a blockchain that can exist together, rather than just one block following another in a single line.
- TokenA token is a digital item that gives you access to features or services within a cryptocurrency system.
- Token EconomyA token economy is a system where goods and services can be exchanged directly between people using blockchain technology, without needing middlemen or third…
- Token Generation Event (TGE)A Token Generation Event (TGE) is the moment when a new cryptocurrency token is created and made available to the public.
- Token IssuanceToken issuance is when new tokens are created and added to the overall amount of a cryptocurrency available.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.