Terenval Crypto Glossary · Русская версия
Token burning
Definition: Token burning is the process of permanently reducing usable token supply according to a token contract or protocol mechanism.
Burning can send tokens to an irrecoverable state, call a burn function or otherwise modify supply accounting depending on the design.
How this concept appears in Terenval Wallet
If a compatible dApp asks Terenval to sign a burn transaction, the effect is determined by the external token contract and can be irreversible.
Important: Verify exactly which asset and amount will be destroyed before approving a burn operation.
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