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GlossaryBurn

Burn

Burning tokens is akin to shredding cash to increase the value of what's left.

In crypto, it means permanently removing coins from circulation by sending them to an unusable address to create scarcity, potentially boosting the value of remaining tokens.

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Venga Europe S.L. (provider of the Venga App) is registered as a Virtual Asset Service Provider and Custodian with the Bank of Spain under registration number D945