Web3Intermediate

Token burn

A process that removes token units from usable supply under a defined mechanism.

PLAIN-ENGLISH DEFINITION

In more detail

A contract burn can destroy units and reduce its recorded total supply. Sending tokens to an inaccessible address may remove practical access without changing that same supply field. The distinction matters when reading token statistics; a burn event by itself does not explain how the market will price the remaining units.

IN THE WILD

How you might use it

The burn call destroys units and reduces totalSupply; sending them to another ordinary address would just change who holds them.

Token burn: glass token units enter a removal chamber and disperse into particles, while unremoved units remain intact outside.
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By Crypto Dictionary · Published · Updated

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