How to Burn Token?
- Connect your Solana Wallet
- Select the Token from your wallet
- Enter the quantity you want to burn
- Click on burn Token and confirm the Transaction
- Wait a minute for it to be burned
What is Burn Token?
Burning an SPL Token is the process of permanently removing SPL (Solana Program Library) tokens from circulation on the Solana network. The purpose of this token burn is to reduce the total supply, increase scarcity, and help stabilize or increase the value of the remaining tokens. This process assists in managing inflation and enhancing the value of digital assets within the Solana ecosystem.
Which wallet can I use?
You can use any Solana Wallet as Phantom, Solflare, Backpack, etc.
Is it Safe to Burn Token here?
Yes, our tool is completely safe. It is a Smart Contract that Burn Token for you, it does not have any access to you. Our dApp is audited and used by hundred users every month.