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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 on every network transaction, and PSWAP tokens are burned on every Polkaswap transaction to reduce supply over time.

Token Burning

Economics

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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Definition

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.

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