For SPT and other HIVE related cryptocurrency burning it would mean sending it to the HIVE account @null. No-one has the keys/passwords for the @null account so anything sent to @null can't be recovered.
Burning reduces the amount of the token in circulation. A general rule is the less of something there is, the more valuable it can become. Burning alone won't give a token value as tokens/coins usually need a use case if they are to sustain any USD value.
For SPT and other HIVE related cryptocurrency burning it would mean sending it to the HIVE account @null. No-one has the keys/passwords for the @null account so anything sent to @null can't be recovered.
Burning reduces the amount of the token in circulation. A general rule is the less of something there is, the more valuable it can become. Burning alone won't give a token value as tokens/coins usually need a use case if they are to sustain any USD value.
Thanks for the further explanation.
You're Welcome.
!BEER
for you
View or trade
BEER
.Hey @rentmoney, here is a little bit of
BEER
from @eii for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER
.