$UMB will burn tokens tomorrow! What is token burning and how | 🏪 🚘 SERGELI MOSHINA - UY BOZOR

$UMB will burn tokens tomorrow!

What is token burning and how does it affect the price?

example:
That is, if the total value of a cryptocurrency is $1 million and its total supply is 1 million, when 250 thousand tokens are burned, the total supply will decrease to 750 thousand tokens. Although the number of tokens decreases after the token burn, the total value remains the same. This causes an increase in the unit price of cryptocurrencies.

https://twitter.com/umbnetwork/status/1512447799476080645?s=21