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wazirx burn event

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Burn events are not rare in crypto and often companies decide to lower their token’s circulating supply by removing some portion of it permanently. This in turn helps the asset holders temporarily as the prices tend to go up in the short term. We’ve already covered the past 4 WRX Burn events in one of our articles. WRX 4th Quarterly Burn Event | Rs 112 Crore worth of $WRX burned | What happens next? Quick…

Hello Readers, today we have an interesting news from WazirX India as they are about to conduct their 2nd WRX burn event this week. Today, we are going to learn what is meant by Token Burn and how it is executed. Fortunately, this article has been sponsored by WazirX India, so do check them out after reading this article. What is Coin Burning? This is essentially a process of removing some coins from the existing…