# Welcome to BlockBurns

## Overview

BlockBurns aims to become an ecosystem around token burning. Whether you are an everyday Blockchain User or a bonified Blockchain Developer we have you covered!

> What is burning?
>
> Token burning refers to the permanent removal of existing cryptocurrency or tokens from the existing circulation, creating deflationary effects on their spot price.
>
> — From [SupraOracles](https://supraoracles.com/academy/what-is-token-burning/)

> What it the most common way of burning?
>
> Perhaps the most common way to carry out a token burn is for a protocol’s foundation to purchase a set amount of tokens on the open market and effectively remove the tokens from circulation. This is achieved by sending the tokens to a private burn address which cannot be recovered as the private keys to the burn address were never known and thus the tokens cannot be recovered. The term *token burning* was likely coined in order to easily illustrate the end result without much nuance. 
>
> — From [SupraOracles](https://supraoracles.com/academy/what-is-token-burning/)

If you are an everyday Blockchain user head over to the [Burning via Contract](https://docs.blockburns.com/users/burning-via-contract) section to burn unneeded tokens!

If you are a Developer head to our [For Developers](https://docs.blockburns.com/developers/for-developers) section!

## Quick links

{% content-ref url="users/burning-via-contract" %}
[burning-via-contract](https://docs.blockburns.com/users/burning-via-contract)
{% endcontent-ref %}

{% content-ref url="developers/for-developers" %}
[for-developers](https://docs.blockburns.com/developers/for-developers)
{% endcontent-ref %}