A burned token refers to a cryptocurrency that has been intentionally removed from circulation. This process is often achieved by sending the tokens to a verifiable and unspendable address, effectively taking them out of the supply.Burning tokens can serve several purposes. One common reason is to reduce the overall supply, which may increase scarcity and potentially drive up the value of the remaining tokens. This can be a part of a broader strategy to maintain the currency’s price stability or to reward long-term holders.Projects may also burn tokens to demonstrate commitment to their ecosystem or to adjust the tokenomics based on market conditions. Some platforms implement regular burn events, where a certain amount of tokens are burned periodically based on predefined criteria.Overall, burning tokens is a method for managing supply dynamically, influencing market sentiment, and supporting the token’s value over time.