Hello friend.

Your explaination about the token burning is really very impressive. You have presented the information in a very good way.

Blockchains burn their coins and tokens to maintain a tightened supply of the asset, which in turn increases the overall value of the asset over time.

Yes, this is the main reason behind the burning of tokens of a blockchain. The developers and the users of a blockchain are totally benefited from the Token Burn.

You have expressed your ideas well. Thanks a lot for your precious post. I wish you a very good luck for the contest.