What is Coin Burn ?

Is they really burn coin ?

No. There is no burning of coil. What actually happen here -

the authority who going to conduct coin burn, they buy particular amount (amount is fixed by authority) of coin from market and after that send that amount of coin permanently to unknown wallet(no one in world know about that wallet). No one is able to get that coin.

Benefit of Coin Burn :

Due to sending coin to unknown wallet that much amount of coin get reduced from market. Due to this supply of coin get reduced in market. As supply reduces demand increases and its benefit for coin to gaining good value.