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What is a Burning Coin?

  1. INDODAX
  2. General
  3. Understand the Terms

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Burning Coin is the act of sending a certain amount of coins to a wallet address that cannot be accessed or reused, known as a “black hole” or “dead address”. This address is specifically designed so that the delivered coins cannot be retrieved or used again. In this way, the burned coins are effectively removed from the total supply circulating on the network.

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