The act of permanently removing a quantity of tokens from circulation (sending them to a black-hole address no one can use), aimed at reducing total supply. It's often used to create deflation and reward holders; in theory, with demand unchanged, less supply favors price — but the real effect depends on the burn's scale and genuine demand, not burn-it-and-it-must-rise.

The timetable specifying over how long and on what cadence the tokens held by early holders such as the team and investors gradually unlock before they can be freely sold. It usually includes a cliff (a period during which nothing can move) followed by linear release (slow monthly or daily unlocking), aimed at preventing insiders from dumping everything at once.