Connect to your Metamask wallet using the correct chain associated with the token you want to send. If you are on the wrong page, you will be notified to use the correct tool related to the suitable chain.
Enter the token contract address from which you will send the tokens and fetch the information. Follow the same format to avoid errors that may occur. Limit distribution to a maximum of 500 addresses.
Copy and paste the destination wallet address(s) with the number of tokens to send and then parse. Enter the total amount of tokens you will send and then approve of allowing your wallet to interact with the contract.
Token burning is a process in which a certain amount of cryptocurrency tokens are destroyed or removed from circulation. This process of burning tokens is becoming increasingly popular as a way to increase the value of the cryptocurrency and to create incentives for users to hold the tokens.
Token burning is often used by companies or organizations that are launching new tokens or platforms. The burning of tokens is a way to reduce the total supply of tokens, which can create scarcity and increase the value of the remaining tokens.
The Avalanche platform is the first major blockchain platform to incorporate this process of token burning. This platform is designed to help developers create and launch new projects, and the token burning feature allows developers to distribute rewards to holders of their tokens in exchange for using the platform.
The Avalanche platform uses a "Bulk Token Sender" feature that makes it easy to send or transfer multiple tokens or NFTs (non-fungible tokens) at once. This feature makes it easier for developers to distribute rewards to their users without having to manually transfer tokens one by one.
One use case for token burning on Avalanche is the distribution of crypto dividends. By burning a certain amount of tokens, a developer can reward users who hold the tokens. This reward is given in the form of a higher share of the total token supply. This incentivizes users to hold their tokens instead of trading them, thus increasing the value of the tokens.
Another use case is to create a token that rewards users for using a particular application or platform. By using the Bulk Token Sender, developers can easily distribute rewards to users who use the application or platform. This can be used to create incentives for users to use the application and create engagement.
Overall, token burning is a great way for developers to create incentives for users to use their applications or platforms, as well as to increase the value of their tokens. By using Avalanche's Bulk Token Sender, developers can easily and quickly distribute rewards or crypto dividends to token holders. This makes it easier for developers to distribute rewards and incentivize users to use their platforms. bulk token sender, non-fungible token, bulk token, token sender bulk token sender, non-fungible token, bulk token, token sender bulk token sender, non-fungible token, bulk token, token sender bulk token sender, non-fungible token, bulk token, token sender
Binance : 0.15 BNB per 500
Ethereum : 0.03 ETH per 500
Polygon : 100 MATIC per 500
Avalanche : 3 AVAX per 500
Fantom : 125 FTM per 500
Cronos : 200 CRO per 500