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Cryptocurrency News Video

How and why to burn tokens in crypto? ⚡️ Hamster Academy

Jan 15, 2025 at 04:00 pm Hamster Kombat Turkish

⚡Hamster Academy⚡ Hello Hamsters! 🐹 Things are on fire at the academy today (almost literally)! Can you guess what today's topic is? Two words: Token burning. Today's Hamster Academy is entirely dedicated to token burning — a fascinating mechanism where excess tokens are deliberately removed from circulation, serving to balance and stabilize the market by reducing supply. Just like a hamster cleans its moldy food and keeps everything fresh, token burning ensures balance and sustainability in the crypto world. Let's explain how it works: Tokens are sent to a “burn” address and become irretrievable forever. Real-world examples include Ethereum's EIP-1559 Burn Mechanism; This makes Ether rarer by burning gas fees. Additionally, Binance Coin also has quarterly burns; Here millions of BNB tokens disappear and retain their market value. We will also discuss Shiba Inu's massive token burns; With these transactions, trillions of tokens are burned, increasing their potential, and the Terra (LUNA) example will be examined as a dramatic case where token burning helps stabilize the system before it hits disaster. Why do projects burn tokens? To manage supply, create scarcity, and influence value — but it doesn't always go as planned. Learn how token burning is shaping the future of blockchain. Subscribe and remember: Hamsters are power! 💪 #hamsterkombat #hamsteracademy #crypto #cryptocurrency #cryptocurrencies #cryptoexplained #cryptocurrencyexplained #cryptoforbeginners #token #tokens #tokenburn #tokenburning #ethereum #binance #binancecoin #bnb #shibainucoin #shibainu #terra #lunatoken 🚀 Each time to get hints that you can use later the video watch closely 🐹 Pave the way from shaved hamster to grandmaster CEO of tier 1 crypto exchange Buy upgrades, complete missions, invite friends and become the best. And now watch me on YouTube
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