Frequently Asked Questions

Burns

Information on burns

When coins or tokens are sent to an unusable address it is removed from circulation, it is similar to stock buybacks reducing the number of shares in the market. It became popular when Binance and Stellar burned tokens to cut supply.

The coins are burned manually by the Safemoon team.

There are 1 null address that is currently being used to burn SafeMoon tokens:

0x0000000000000000000000000000000000000001