What does it mean to burn crypto? Crypto burning explained

What does burn mean in crypto? Crypto burning means intentionally destroying digital tokens or coins. Once burnt, these tokens are gone. This might seem counterintuitive to some investors. Why would a blockchain project purposely destroy some of its own tokens?… дальше »

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$100,000 Shiba Inu Burn Triggers Epic 252,910% Surge, Why Investors Should Beware

The Shiba Inu burn rate skyrocketed by 252,910% as $100,000 worth of SHIB tokens was burnt in one transaction. This typically presents a bullish outlook for the Shiba Inu price, but the scam detector platform Susbarium has explained to investors why they should be wary of such token buns.  Shiba Inu Burn Rate Skyrockets, But […] дальше »

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'Genesis Keys Are Dead,' Charles Hoskinson Issues Crucial Chang Update

Cardano has burnt Genesis Keys ahead of Chang hard fork upgrade дальше »

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Proof-of-stake blockchain XION introduces native utility token

Web3 Foundry Burnt has announced the launch of XION Foundation, the non-profit organization that will oversee the development and expansion of the proof-of-stake blockchain XION. The venture-backed platform also unveiled $XION, the native token of the layer-1 blockchain. Burnt shared… дальше »

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The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash

Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week. дальше »

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Shiba Inu burns 774M SHIB, Solana bearish despite congestion fix, NuggetRush introduces NFTs

Solana’s price has plunged 21. 8% in the last seven days despite fixing its recent network congestion issues. The Shiba Inu community has burnt over 774 million tokens in the past week. NuggetRush’s crypto mining game integrates NFTs with blockchain gaming. дальше »

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Solana-based SLERF 'accidentally' burns tokens worth $10 million

A Solana-based memecoin project, Slerf [SLERF], unsettled presale investors and made news on 18 March for all the wrong reasons. According to the team, they accidentally burnt $10M worth of received SThe post Solana-based SLERF 'accidentally' burns tokens worth $10 million appeared first on AMBCrypto. дальше »

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Presale participants in Solana meme coin suffer $10M loss

A $10 million “mistake” is what’s likely to be remembered of new Solana meme coin Slerf. The shocking crypto news story is that the project’s developer inadvertently burnt all liquidity provision (LP) and presale distribution tokens. дальше »

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52M SHIB tokens burnt in 48 hours: Good news for bulls?

Shiba Inu's burn mechanism continued to reduce inflationary pressure on the meme coin. The on-chain metrics spelled that holders were confident in SHIB once more. Shibburn data showed that 5The post 52M SHIB tokens burnt in 48 hours: Good news for bulls? appeared first on AMBCrypto. дальше »

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Shibarium Records 12 Million Transactions in 2 Days, Increasing Shiba Inu’s Burn Rate by 650%

Shibarium's daily transactions soar by 44,397.9% while 500M SHIB burnt; SHIB price remains stable amid record activity. The post Shibarium Records 12 Million Transactions in 2 Days, Increasing Shiba Inu’s Burn Rate by 650% appeared first on BeInCrypto. дальше »

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Shiba Inu (SHIB) Sees Over 1.3 Billion Tokens Burnt in November, What Does It Mean for Price?

Shibburn reports significant reduction in circulating supply of SHIB, igniting discussions about major price rally дальше »

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Shiba Inu (SHIB) Sets 105 Million Tokens Ablaze as Price Takes Hit

Shiba Inu (SHIB) sets new deflationary reference point with over 105 million tokens burnt дальше »

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Shiba Inu (SHIB) Burn Rate up 235%, Potential Surge Ahead?

Shiba Inu (SHIB) shows potential as burnt tokens hit new high дальше »

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Tons of Shiba Inu (SHIB) Burnt off in Renewed Bullish Run

Millions of Shiba Inu (SHIB) incinerated in bullish resurgence attempt дальше »

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Why burning SHIB is not the key to Shibarium's growth

SHIB developer opined that the burn mechanism was not a catalyst for the adoption of its L2. Transactions increased on Shibarium while the number of SHIB burnt reduced. Shiba Inu’s [SHIB] The post Why burning SHIB is not the key to Shibarium's growth appeared first on AMBCrypto. дальше »

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Shiba Inu (SHIB) Sheds 100 Million Tokens in Fiery Furnace

Shiba Inu is on recovery path with more than 100 million tokens burnt дальше »

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Millions of Shiba Inu Burnt This Week, Price Reacts

Shiba Inu (SHIB) up 7% as millions of tokens sent to dead wallets дальше »

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I asked ChatGPT about BNB's performance - the AI showed optimism

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. On 19 July, Binance [BNB] burnt 1.99 millionThe post I asked ChatGPT about BNB's performance - the AI showed optimism appeared first on AMBCrypto. дальше »

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Binance burns $484m worth of BNB as market turns green

Binance announced its 24th binance coin (BNB) burn while the asset consolidated in the red zone.  More than 1.99 million tokens were burned, with a total value of over $484 million at the time of the transaction. The burnt assets… дальше »

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Shiba Inu Burn Rate up 6,546%, What Will Impact Be on Price?

Total of 82 million SHIB tokens burnt at massive 6,546% burn rate дальше »

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Huobi: Token burns, price struggles, whale holdings and much more

Over 1. 9 million HT was burnt recently by Huobi. Whales hold around 95% of the HT in circulation as price struggles. Huobi has recently unveiled the burn rate for the second quarter of 2023. дальше »

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Shiba Inu Burn Frenzy: More Than 15 Billion Tokens Scorched In May

The Shiba Inu community burnt over 15 billion SHIB tokens in May 2023, showing their commitment to reducing the circulating supply. The intention of such burns is to reduce the total supply of the coin from market Blaze Token is the top SHIB burner of the month, with MARSWAP (MSWAP) and Coinbase 10 among the top burners. дальше »

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Ethereum (ETH) reinforces its deflationary nature – 143K tokens burned in May

Ethereum (ETH) continues to cement its deflationary stance. Data from ultrasound. money shows the blockchain burnt approximately 143,000 Ether coins (worth approximately $275 million) in May. Could Ethereum be the new market driver that experts are searching for? Ethereum saw a 1. дальше »

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First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend

Also: Bitcoin and volatility have a tricky relationship. BTC steadies below $28K after dip. дальше »

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Red Bull Doodle Art and Burnt Toast collaborate to help student artists mint NFTs

Red Bull Doodle Art is a global competition that challenges students to create original doodles that showcase their creativity and artistic abilities. Crossmint is a leading NFT infrastructure provider. дальше »

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Massive shiba inu burn sees over 13.8m SHIB removed from circulation

In 24 hours, the shiba inu community burnt 13.81 million SHIB, with one wallet burning 10.45 million as the meme coin's adoption continues to rice ahead of the current meme coin season. дальше »

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Mystery Wallet Burns 1.69 Billion Shiba Inu, Will It Result In Price Bump?

An unidentified Shiba Inu wallet holder burnt about 1. 69 billion SHIB in a single transaction. This burn event caused the overall SHIB burn rate to increase by 38,986. 28%, exceeding yesterday’s burn rate of 1. дальше »

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827,226 Huobi Tokens (HT) Burnt in Q1, 2023, Report Says

Huobi, top-tier cryptocurrency exchange, shares statistics of its token burn for last quarter дальше »

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Shiba Inu (SHIB) Flashes 2 Key Signs Uptrend Is Underway: Details

Shiba Inu seeing massive transaction count, leading to more tokens being burnt дальше »

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More Than 8 Million Shiba Inu Tokens Burnt as Meme Coin Takes Breather, Here Are Next Moves to Watch

Steady Shiba Inu token burn connotes subtle growth even with slipping prices дальше »

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Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal

Brandon Riley — aka @vitalitygrowth — accidentally burnt Crypto Punk 685 while trying to wrap it to get an NFT loan. The post Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk Ordinal appeared first on CryptoSlate. дальше »

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Over $2B in USDC Stablecoin Burnt in Single Day, Data Shows

USD Coin holders are not rushing back to holding the token just yet. дальше »

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Shiba Inu Continues To Reduce Token Supply, Removes 490 Million SHIB In One Day

Shiba Inu is among the tokens that use a burning mechanism. It has continually burnt millions of SHIBs to balance its demand and supply, sometimes pushing the price slightly. The network removed 490 million SHIBs in one day in this latest burn. дальше »

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New Shiba Inu Clone Shikoku up 68%, Here's Reason

Shikoku up by 68% as thousands worth of tokens are burnt дальше »

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Shiba Inu Burns Millions of Shib Tokens Hoping for a Rally, But Metacade Is Still a Better Buy

There are many different ways that crypto projects can induce an increase in price, with token burning one of the most clear-cut ways to achieve it. This is because burnt tokens are taken out of the circulating supply, transferring their value to the tokens that are left. дальше »

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Massive SHIB Burn Alert: Trillions of Shiba Inu Tokens to Go up in Flames with Shibarium

Shiba Inu developer Shytoshi Kusama has confirmed that trillions of tokens will be burnt with Shibarium Layer 2 solution дальше »

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Fantom Blockchain to Fund Ecosystem Projects Using Portion of Burnt FTM Fees

The fund is aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas, and creations through a community-driven decision process. дальше »

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LUNC Network Upgrade Backed By Major Exchanges – Will The Crypto Balloon In Price? 

Just this January 14th, LUNC just went through its network upgrade that was supported by Binance. The upgrade was due to several developments on-chain. According to its January 1st blog post, it was because the system of LUNC remints tokens that were burnt for a development fund. дальше »

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Terra Classic attempts recovery with this proposal, is LUNC at a risk?

The Luna Classic community recently voted in favour of Proposal 11242 The proposal will stop the re-minting of burnt LUNC and raise the gas price After the catastrophic Terra collapse, TerraThe post Terra Classic attempts recovery with this proposal, is LUNC at a risk? appeared first on AMBCrypto. дальше »

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Trillions of SHIB Will Be Burnt When Shibarium Launches: SHIB Whale

Shiba Inu whale believes that Shibarium will have massive potential for burning Shiba Inu дальше »

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Bonk Inu Developers Burn All Their Team Tokens as Solana Ecosystem Frenzy Continues

Some 5% of the bonk token supply was burnt as prices dropped 40% in the past 24 hours. дальше »

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Relief for LUNC holders as new proposal eliminates burnt token minting

LUNC pulled off a 47. 87% upside within the last seven days. Its weighted sentiment metric registered an uptick. Luna Classic (LUNC) is currently among the most volatile cryptocurrencies. дальше »

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Paxos burns PAXG tokens in four FTX drainer wallets 

Reports surfaced yesterday that Paxos had burnt PAXG in four different FTX drainer wallets. дальше »

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Terra Classic’s validator burns 13 million LUNC

As of Wednesday, the total amount of burnt LUNC tokens stood at 36.231 billion. This was majorly contributed too by ClassyCrypto who announced he had burnt 13 million LUNC. дальше »

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Record amount of WBTC worth $170m burnt in one day

Investors burn a record high of 10,000 WBTC worth $170 million at the moment amid a slump in DeFi, the market data shows. The volume of WBTC has decreased over the last week. As of December 6, the supply of… дальше »

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$1.1 Million in BabyDoge Burnt, Here's What's Happening to Price

Staggering quadrillion BabyDoge coins has been removed from circulation дальше »

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BNB traders may experience discomfort as bulls seem to be falling off the wagon

BNB was on fire over the last few days as its high burn rate attracted the crypto community. During the last seven days, BNB tokens worth $574,800,583.92 were burnt. To date, over 42 million tokens haThe post BNB traders may experience discomfort as bulls seem to be falling off the wagon appeared first on AMBCrypto. дальше »

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SHIB Burn Rate Jumps 584% as Millions of SHIB Sent to Dead Wallets

So far, 410,382,016,984,249 SHIB have been burnt from initial supply of 1 quadrillion дальше »

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Dogecoin Accepted For Elon Musk’s New “Burnt Hair” Perfume

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Илон Маск продает парфюм с запахом сгоревших волос за DOGE

Генеральный директор Tesla Илон Маск (Elon Musk) продолжает продвигать свой любимый мем-токен DOGE. На сей раз публике предложено купить за криптовалюту парфюм под названием Burnt Hair («Сожженные волосы») с ароматом «сущности отвратительного желания». дальше »

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