What is “Burn Tokens in Ethereum”?

In Ethereum (and other blockchain networks), burning tokens refers to the process of permanently removing tokens from circulation. This is done by sending them to an unspendable address (often called a “burn address” or “zero address”), from which they can never be retrieved.

🔥Why Burn Tokens?

1. Reduce Supply — Lowering the total supply of tokens can make the remaining tokens more valuable (if demand remains constant or increases).
2. Increase Scarcity — Similar to stock buybacks, burning tokens can create scarcity, potentially driving up price.
3. Transaction Fee Burning (EIP-1559) — Ethereum itself burns a portion of transaction fees, making ETH more deflationary over time.
4. Project Utility — Some crypto projects use burning as part of their tokenomics (e.g., play-to-earn games, DeFi protocols).

Step-by-step instructions

Step 1: Visit the Token Burning page on CoinFactory

Step 2: Connect the wallet from which you created the token

Click on EVM networks.

Select your wallet app.

Step 3: Enter information about token burning

1. Enter the address of your token.
2. Enter the number of tokens you wish to burn.

If you have successfully filled in the information to burn tokens, click the “Burn Tokens” button and confirm the tokens are burned.

Token Tools for Ethereum🏀

• Token Creator: Create your own Token without coding. Customize with metadata, supply;
• Mint Tokens: Mint new supply of your Tokens on Ethereum. This action is available only for token admin;
• Burn Tokens: Burn your Tokens to remove tokens from circulation and increase token value;
• Renouce Ownership: Revoking the admin role will guarantee that nobody will ever be able to mint new tokens in the future or update metadata;
• Token Multisender: Send tokens to multiple addresses in one transaction using our fast, convenient and low cost Multisender.