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RE: Steemit Crypto Academy Contest / S5W4 - Burn Token

in SteemitCryptoAcademy3 years ago

✓sent to an account or wallets address that cannot do transactions other than receiving tokens alone. The

You are right because these wallets have only public address to recieve tokens . As there is no private key to sign transactions so these wallets are dead.

It also enable stability and strengthen ones particular cryptocurrency community.

Publicity of burn events through social media by large scale investors attact masses towards crypto .

Good luck