How and why does token burning occur in crypto? ⚡️ Hamster Academy

⚡Hamster Academy⚡ Hello Hamsters! 🐹 Today at the academy, everything is on fire (almost literally)! Can anyone guess today's topic? Two words: Token burning. Hamster Academy today will discuss token burning — an interesting mechanism where excess tokens are intentionally removed from circulation to reduce supply and stabilize the market. Just like cleaning out a stash of moldy hamster food to keep things fresh, token burning ensures balance and sustainability in the crypto world. We will explain how it works: tokens are sent to a “burn” address, which makes them irretrievable forever. Real-world examples include Ethereum's EIP-1559 Burn mechanism, which burns gas fees to make Ether increasingly scarce, and Binance Coin's quarterly burn, in which millions of BNB tokens disappear to maintain market value. We will also discuss the massive burn of the Shiba Inu token, which reduced trillions of tokens to increase its potential, as well as the dramatic case of Terra (LUNA), where the burn was used to stabilize the system before its catastrophic collapse. Why do projects burn tokens? To manage supply, increase scarcity, and influence value — however, it doesn't always go according to plan. 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 🚀 Watch each video carefully to get hints you can use later 🐹 Go from shaved hamster to grandmaster CEO of a tier 1 crypto exchange Buy upgrades, complete missions, invite friends and become the best. And now watch me on YouTube