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SBU DAO
Jun 29

The Curious Case of the BHNY Token Burn

The concept of “burning” an ERC20 token - while appearing dramatic - is actually quite straightforward. The “burn” process is simply the process of sending a token (or tokens) to an unrecoverable address on the blockchain. “Unrecoverable” means that it’s to an address without the ability to swap, transfer, move, or sell those tokens. The burn or “null” address on Ethereum is a token graveyard. The address is (0x0000000000000000000000000000000000000000). As of this writing, there are over 302 ...
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