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Kyros Ventures | Web3Matching

Token burning is a common way of reducing the supply of an underlying asset. With $FTT, it is clear how the burned token can affect its price. As the amount of burned $FTT increases, its value also climbed up the latter 🔥

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Nope. You can burn bitcoin by sending them to a random address without key but you cannot print new ones.

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but that's basically how burning works, you create a special transaction and they are removed from circulation. Everybody can do that. It doesn't mean they also can be created. That's two completely different things. You can see it here:

Ethereum Transaction Hash (Txhash) Details | Etherscan

Ethereum (ETH) detailed transaction info for txhash 0x6d10a899d0c5652eb891265bcca3bcaa23357aef504e3152d93c4bff81459a2c. The transaction status, block confirmation, gas fee, Ether (ETH), and token...

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you can look at the contract code and confirm that it is impossible to mint any more FTT you can also verify all of the burns on-chain here:

Cryptocurrency Derivatives Exchange

7:58 AM · Jan 7, 2021Twitter Web App