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RE: Steemit Crypto Academy Contest / S5W4 - Apa Itu Token Burn dan Kegunaannya Untuk Ecosystem Crypto.
Burning crypto currency = Increasing the price of crypto currency, a big but very unique job at first I was surprised by the token burning technique, it can increase the selling value, but after reading reviews of articles related to this great job, I can only understand what it looks like by making it rare then the selling price will go up by itself :)
one position can indeed make the value of the coin value. but there is a negative impact too, the developer can use this to launder money in crypto by sending crypto to be burned to a private wallet and this is very possible. Therefore, for EVM-based crypto (0x) it has a death wallet address where the wallet is owned by the founder of ETH himself Vitalik.