Frequently Asked Questions
What does burning tokens mean?
Burning tokens means permanently removing them from circulation by sending them to a burn instruction on the Solana blockchain. This reduces the total supply and the tokens can never be recovered or used again. It's commonly used by project teams to reduce supply, remove liquidity pool tokens, or dispose of unwanted tokens.
What is the cost to burn tokens?
The service fee is 0.1 SOL per burn transaction, plus standard Solana network fees (typically a few cents). This covers the cost of executing the burn instruction on the blockchain and permanently updating the token's total supply.
Is token burning reversible?
No, token burning is completely irreversible. Once tokens are burned, they are permanently removed from the blockchain and cannot be recovered under any circumstances. Always double-check the token address and amount before confirming the burn transaction.
Why would I want to burn tokens?
Common reasons include: reducing total token supply to increase scarcity, burning liquidity pool (LP) tokens to lock liquidity permanently, removing developer or team allocations to build trust, disposing of unwanted airdrops or spam tokens, or implementing tokenomics strategies like deflationary mechanisms.
Can I burn any Solana token?
Yes, you can burn any SPL token that you own in your wallet. This includes regular tokens, liquidity pool (LP) tokens from DEXs like Raydium or Orca, and other SPL-compatible assets. You must have the tokens in your connected wallet to burn them.