> For the complete documentation index, see [llms.txt](https://lend-finance-organization.gitbook.io/lendx-documentation-v1.0/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lend-finance-organization.gitbook.io/lendx-documentation-v1.0/lendfi-tokenomics/token-summary/token-burning.md).

# Token Burning

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Token burning is the process by which a crypto coin project burns a certain amount of its crypto coin digital assets. The process involves transferring some amount of Cryptocurrency (specifically Token Coins) into a burn wallet address (also known as burner wallet) with no private key.
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* [x] LendFi burn rate is 0.62 LXT per mile.
* [x] *A percentage of the* LendFi *tokens used for payment of fees on the platform will be burned, reducing the total supply of* LendFi *in circulation.*<br>
* [x] *Tokens reserved for the founding team and early investors will be locked up for a certain period of time and gradually released over time to prevent dumping and maintain the token's value.*