Burning

Burning, in the context of blockchain and cryptocurrency, is the intentional and permanent removal of a token or coin from circulation by sending it to an unspendable wallet address, often referred to as an "eater address" or "dead wallet," which effectively reduces the total supply of the asset. This deflationary mechanism is typically executed to manage token economics, increase scarcity, and potentially boost the value of the remaining tokens by creating a supply-demand imbalance.