The motivation is often to increase the value of the remaining tokens since assets tend CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides editorial policies. The LUNA token set a token can overwhelm the impact.
Instead of paying miners a transaction fee, some projects implement automatic token destruction. Central banks use the same procedure � they also adjust the amount of currency in circulation to make its purchasing power more flexible. Smart contract execution also requires a gas fee on the Ethereum network. Crypto burning may be implemented into a project as an automatic, built-in mechanism, routine maintenance run on a periodic schedule or as a one-off event.
