Reduce Supply, Increase Value - Burn YFUSD1 Tokens Forever
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When you burn YFUSD1 tokens, they are permanently sent to the dead address (0x000...dEaD) and can never be recovered. This reduces the total supply, potentially increasing the value of remaining tokens.
Token burning is a deflationary mechanism that can help increase the value of remaining tokens by reducing supply. It's a way to contribute to the ecosystem's long-term value appreciation.
No, burned tokens are permanently destroyed and cannot be recovered. The dead address has no private key, making it impossible to access sent tokens.
You can burn any amount of YFUSD1 tokens you own, but consider gas fees for very small amounts. Make sure you have enough BNB for transaction fees.