Hot July for Crypto Market: Big Burning News is Coming | HackerNoon

around Celsius Network and the fear of further crypto value drop. Companies were forced to adjust their business processes to the new reality. Most projects keep on doing business as usual: they develop products, serve their clients, attend conferences, and speak with the community.

What is the possible ROI of the decision to burn own tokens? Is it something new for the industry? Are there any examples of leading projects burning their tokens? The previous crypto winter demonstrated that the projects that had focused their efforts on product development and token utility improvement appeared to be the industry leaders after the end of the winter season.Burning crypto is the process of permanently removing a number of tokens from circulation. During this process, an entity, usually a company behind the project, transfers the specified number of tokens it owns to a burn address.

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