The permanent removal of tokens from circulation by sending them to an unrecoverable address. In SORA, token burning is used as a deflationary mechanism - VAL tokens are burned on every network transaction, and PSWAP tokens are burned on every Polkaswap transaction to reduce supply over time.
Token Burning
The permanent removal of tokens from circulation by sending them to an unrecoverable address. In SORA, token burning is used as a deflationary mechanism - VAL tokens are burned …
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Examples
Common scenarios where this concept appears.
- VAL transaction burning
- PSWAP swap burning
- Supply reduction