What is Coin Burn? Coin Burn and Proof of Burn based cryptocurrencies in general have started to get more and more attention. The idea is to reduce the supply of cryptocurrency all the time or part of the time. Whether the purpose of such a procedure is to protect against some fraud or to increase the price through the deflationary dimension is a matter of dispute. The most popular tokens that undergo such burning are Binance Coin and CAKE. This can be a manual burning of…