What is the disco burn token?

The Disco Burn Token is a hyper-deflationary token on the Binance SmartChain that likes to BUY and BURN. Over time, our Burn Party Wallet accumulates BNB from fees generated by every transaction. On the first of every month, the Burn Party Wallet will BUY and BURN tokens from other vetted projects.

What is token burning?

— Bottom line – token burning is an important concept. Let’s get to know it. Token burning means destroying a coin or token permanently – but why do this? It’s a great question, and here we have your answer. Among many revolutionary features, perhaps the most appealing aspect of crypto currency is the control it restores to users.

Do altcoins burn tokens?

While the major cryptos (Bitcoin and Ethereum) don’t have token burning programs, many strong Altcoins use it. For instance, Binance has a target of burning 100 million BNB tokens, while there are similar practises for both USDT Tokens (issued by Tether) and XRP coins (issued by Ripple). How does token burning work?