Burned Tokens
By CoinGecko | Updated on Jul 28, 2020
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable. Example burn addresses include 1BitcoinEaterAddressDontSendf59kuE on Bitcoin or 0x0000000000000000000000000000000000000000 on Ethereum.
Related Terms
cc0 NFT
A cc0 NFT is a piece of digital content where the IP rights have been relinquished.
Bear Market
Contrary to bull market, it indicates the direction of the market going for downward trend.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
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