0X000000000000000000000000000000000000Dead Development Tutorials, Guides & Insights
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Understanding 0x000000000000000000000000000000000000dead Address and Token Burns in Ethereum
Many projects use token burns strategically, announcing burn events in advance to generate interest in the project and potentially boost the value of the remaining tokens.
Although token burns can increase the scarcity of a token, they are not without risk: