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
economicsRelated Terms
Examples
- • VAL transaction burning
- • PSWAP swap burning
- • Supply reduction