Crypto 101 📚 Tokenomics
Burning means sending some tokens to an address that no one can access, permanently removing them from circulation. BNB’s quarterly burns are an example of this.
Tokens are mainly used to pay transaction fees, stake to help maintain the network, participate in governance voting, and get platform discounts.
Useful knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$ETH has no fixed maximum supply, but some transaction fees are burned, so the supply changes depending on on-chain usage.
#ETH
Burning means sending some tokens to an address that no one can access, permanently removing them from circulation. BNB’s quarterly burns are an example of this.
Tokens are mainly used to pay transaction fees, stake to help maintain the network, participate in governance voting, and get platform discounts.
Useful knowledge won’t make me rich overnight, but it can help me avoid a few pitfalls.
$ETH has no fixed maximum supply, but some transaction fees are burned, so the supply changes depending on on-chain usage.
#ETH
