With the rise of community-led deflationary tokens, many communities have self-organized "burn events". The burn event uses the community's social networks to organize large groups of token holders to voluntarily send some of their tokens to a burn wallet address.

The organization is time-consuming, difficult to track, and not on the blockchain or automated.

There have also been a lot of examples where token burn was used as an excuse to deceive investors. Developers can claim to burn tokens when they're actually sending those tokens to a wallet they control.

The decentralised multi-chain community burn party platform will solve these issues, while creating a central hub for a community to support their token of choice.

For more details about the platform, see our litepaper.