What is 'BuyBack & Burn'
BuyBack & Burn involves two specific actions which contribute to a positive price increase for a token. Similar to a stock ‘BuyBack’, a crypto project will use its reserved funds to buy its own token -- which raises the price and generates rewards -- and then takes these tokens and sends them to a 'burn wallet'. These tokens are removed from circulation forever and cannot be retrieved. This 'burn' subsequently lowers the circulating supply which raises the relative value of the tokens in each holder’s own wallet.