Crypto Terms Alphabet: B

Burn NFT

Understand the burning mechanism in crypto, where tokens are intentionally removed from circulation to reduce supply and increase scarcity.

Burn Fee

Burned Token refers to a cryptocurrency that has been permanently removed from circulation through a deliberate process, reducing supply.

Burn Function

Burned Yield refers to the portion of yield or rewards that is permanently removed from circulation in a crypto ecosystem, reducing overall supply.

Burn and Stake

Burnable tokens are a type of cryptocurrency that can be permanently removed from circulation by the holder, enhancing scarcity and value.

Burn Contract

Burned coins refer to cryptocurrency tokens that have been intentionally removed from circulation by being sent to an inaccessible wallet, ensuring their supply is permanently decreased.

Bureaucratic Governance

Understand the “Burn Mechanism” in crypto, a process where tokens are intentionally removed from circulation, reducing supply and potentially increasing value.

Burn

Burn NFT refers to the process of permanently removing a non-fungible token from circulation, effectively reducing supply and potentially increasing value for remaining assets.

Burn Address

Burn rate in crypto refers to the speed at which a project spends its funds, typically measured monthly. Understanding burn rate helps assess sustainability.

Bureaucratic DAO

The burn function in crypto refers to permanently removing coins from circulation to reduce supply, which can enhance token value and scarcity.

Bureaucracy-Free Governance

Burn fee refers to a transaction cost that is permanently removed from circulation during a token burn process, reducing total supply.

Bundling

Burn Contract in crypto refers to a mechanism where tokens are permanently removed from circulation to reduce supply and increase scarcity.

Bundled Transaction

Understand the concepts of “burn” and “stake” in cryptocurrency. Burning reduces supply by permanently removing tokens, while staking involves holding coins to support network security and earn rewards.