‘Money to Burn’: Why Do Companies Burn Their Tokens?68.28

A token burn is the destruction of a certain amount of tokens (or coins) in order to reduce their number in circulation. This method is successfully applied by crypto projects, traditional businesses, and even global corporations (for their shares).

This spring, for example, Apple launched a $100 billion share buyback plan (with subsequent burning) and raised its dividend share by 16 percent, despite expectations of a slowdown. Alex Fork, one of the founders of the Humaniq financial platform, shares his ideas about the implementation of the token burn procedure on the crypto market.

Original source
https://bitcoinist.com/money-to-burn-why-do-companies-burn-their-tokens/

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