Coin burning is a deliberate burning process by the coin maker (developer) to remove coins from circulation or to reduce the supply of available coins. So that the coin cannot be reused, it is based on following the principles of the market economy in calculating the price of supply and demand.
Although it sounds difficult to understand, this coin burning is a central mechanism that has
Removing a number of coins from circulation can be done for different purposes, but is most often done with the aim of deflation the value of a coin or token.
In simple terms, this burning can create a shortage of coins and tokens that are burned. When a resource (coins and tokens) is limited, then the value of the resource will have a high value.
Generally, coin burning is the most effective method of increasing and stabilizing the value of coins and tokens. Stability, gives investors a greater incentive to hold the coin and keeps the price at a more favorable level. Token burning also projects an edge, especially in the early stages of coin development.
The first time the developer burns is 500k Jagoancoin
and for the next it is 50k Jagoancoin every week
you can immediately see in the explorer how many coins have been burned