Burning. Burning a token is the technical process of deleting it from the Token Register or making it otherwise permanently and provably inaccessible. The ability to burn tokens is part of the ERC- 20 standard. However, Token Holders are advised to consult with the Issuer before burning any tokens and to agree with the Issuer on the purpose and consequences of the burning. For example, burning a Share Token can make sense when the Token Holder and the Issuer agreed to convert them into a different legal form.
Appears in 3 contracts
Sources: Registration Agreement, Registration Agreement, Registration Agreement