Token Burn

Token burning is the process of permanently removing tokens from circulation, reducing the total supply. While many tokens might have an initial burn following launch, many make coin burns a part of their ecosystem. The burning mechanism is one of the other unique tools of the Teslafan token that we have enumerated. With every noteworthy step in the alternative energy industry taken by companies such as Tesla Inc, First Solar Inc, or Enphase Energy Inc, Teslafan will conduct a token burning event to evaluate the token ecosystem and protect the price while reducing supply. We will burn TESLF tokens to help the community support renewable energy and associate with the community’s sense of growth.