Burned coins refer to cryptocurrency tokens that have been intentionally removed from circulation. This process is often executed by sending coins to a wallet address that cannot be accessed or controlled, effectively rendering those coins unusable.Burning coins serves various purposes. One common reason is to reduce supply, which can help increase the value of the remaining coins. When the total supply decreases, scarcity tends to rise, potentially driving up demand and price.Projects may also burn coins as part of a tokenomics strategy or to reward holders. For example, a project might burn a percentage of tokens with each transaction, distributing the fees to existing holders.Burning is typically transparent, and users can track the process on the blockchain. This ensures that the burn is public and verifiable, maintaining trust within the community. Overall, burned coins are a tool for managing supply and fostering a more sustainable ecosystem in the market.