

Buy back
A mechanism happens when a project removes a particular amount of its tokens from the market by sending them to a dead address, thus eliminates those tokens permanently. After that, the same project uses its very own funds to repurchase an amount of those burnt tokens and hold them in their wallets.

Burn
on Transaction
A method where a particular amount of tokens from the sender account is decreased and thus led to a decreased supply of tokens in the blockchain. This Burn transaction can be sent by any user who owns a token.