Coin burn refers to the process of permanently removing a certain number of tokens or coins from circulation. This is typically done by sending them to a wallet address that is inaccessible, often referred to as a “burn address.” Once the coins are sent there, they can no longer be used or retrieved.The main purpose of coin burning is to reduce the total supply of a cryptocurrency. By decreasing supply, it can potentially create scarcity, which might increase the value of the remaining coins. Coin burn can also serve as a mechanism to manage inflation within the ecosystem.Burn events are sometimes scheduled and announced by the project team, or they can occur automatically based on specific rules. Various projects utilize this strategy as a part of their tokenomics to enhance user trust and encourage long-term holding among investors.