Hello dear,

The main purpose behind the Token Burn is to reduce the circulating supply of a token by sending it to the dead and null wallets addresses.

You have made a very nice explanation of the whole mechanism and I really liked your way to present the post.

For the burning purpose, the given amount is sent to the dead wallet that only has the public key to receive the funds and not the private key to access it. Thus, the coins are permanently locked up.

Thanks a lot for sharing your precious post. I wish you a very good luck for the contest.