Tag: Coin Burn

Burn Baby, Burn: The Art of Coin Burning

How can HODLers benefit from coin burn?

You’ve probably heard of this, “scarcity is what makes it valuable”, and the same applies to the crypto world. Unlike fiat currencies, crypto is deflationary in nature. When a coin is scarce, its price tends to go up, because it’s human nature to grab when supply decreases. So theoretically, by intentionally reducing the total circulating supply of a coin, its value will increase. That’s when ‘coin burning’ comes into play.

Continue reading “Burn Baby, Burn: The Art of Coin Burning”