Deflationary Token

What is Token Burning? Token burning or coin burning is an intentional action taken by the coin's creators to "burn," i.e., remove from circulation a specific number from the total available tokens in existence. There are several reasons to burn tokens this way, but generally, the move is for deflationary purposes. In a coin burn, the tokens are algorithmically taken out of circulation by sending the outputs to a public address known as an 'eater address.' However, the keys to…

The crypto space is rapidly expanding and in-comes different token models with additional features leveraging varied mechanisms. Tokens in the crypto space are categorized into either inflationary or deflationary tokens. An inflationary token employs a unique model where tokens are added to the market after a specified period.  A well-demonstrated example of an inflationary token is Bitcoin, which is released 12.5 new coins every 10 minutes to reward miners for mining the next block. However, not all inflationary tokens are…