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Burnables NFT

The owner of the token can burn their NFT at any time and get the mint price sent to their wallet.
Category
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Graphics & Design
Blockchain
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Ethereum
Publisher
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Burnable Labs
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What is Burnables NFT?
The Burnables NFT is a digital collection of NFT tokens running on the Ethereum network. This website is an interface allowing participants to purchase digital collectibles. Users are entirely responsible for the safety and management of their own private wallets. Users must validate all transactions and contracts generated by this website before approval. The Burnables NFT smart contract runs on the Ethereum network; There is no ability to undo, reverse, or restore any transactions. This website, the Ethereum contract, and its connected services are provided “as is” and “as available” without a warranty of any kind. By using this website you are accepting sole responsibility for any and all transactions involving our collectibles.
Information
Type
Collectible
Blockchain
Ethereum
Platform
Windows, macOS
Publisher
Burnable Labs
NFT marketplace
OpenSea
FAQ
What is Burning an NFT? Burning an NFT is the equivalent of destroying it. The process involves sending a token to an un-spendable address that no one can access. Hence, once you burn an NFT, there's no way to ever recover it. Once a digital asset is minted on the blockchain, there's no way to delete it
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Increase Value

One of the major benefits of token burning is the effect it can have on the cryptocurrency's value. For multiple reasons, the average price per coin can increase after a large burn. The goal of token burning is to reduce the overall supply of a cryptocurrency, thus raising demand.
Applications for coin burning

It can help the cryptocurrency rise in value. Although this is far from a sure thing, some cryptos have seen positive price movements after tokens are burned. If a cryptocurrency has a high inflation rate, burning tokens can curb the increase.
Burning a token means permanently destroying it. This can be done (by anyone) by sending it (or whatever quantity of tokens you're burning) to a frozen private address (also called a burn address) which, if authentic, is an address from which the coins cannot be recovered.
Use the Token Tracker to find current holders On the new page click on “Holders” to see the current list of holders of the token. If the “dEaD” address is one of the holders this means that some tokens are burned and cannot be recovered
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