What is Buyback-and-burn in crypto?
Since Bitcoin’s November high of US$68,500, the coin has dropped to its current price of around US$37,000. One of the main issues that all currencies face – whether they be fiat or crypto – is inflation, which is a decrease in value. When someone - usually a developer - decides to book burn a coin, this essentially reduces the supply of that coin. Watch Kalkine TV for more info.
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