Burn

The "Burning" section displays how many total UMI coins have been burned over all time, 24 hours and a week. You can also see the most recent burn transactions. To burn coins, just click the "Burn" button and confirm the transaction. This is necessary to reduce the coin issue and create a deficit, which can have a positive effect on its value in the eyes of users. Keep in mind that once you burn, you will not be able to return the coins.