Token burn is also a way of maintaining the value of a cryptocurrency in the market. Token burning is a community effort to support the growth of cryptocurrency.

Yes, the primary aim of token burn is to improve the value of the token. I love it when you said it's the community effort which means that it's not only the duty of the project's team but also all holders can participate in the process to help the economy of the token.

Token burning can significantly lower inflation and encourage users to hold for projects as well as holders.

It's true that it lowers inflation and makes the token availability more scarce to increase its demand and help its value. It also helps in attracting more investors to the project. Thank you for inviting me but I have participated before.