IOTX burning process: When a new device is registered onto the $IOTX IoTeX network, users may be required to burn a specific amount of IOTX tokens as part of the registration fee. This burn mechanism acts as an anti-spam measure, ensuring network resources are allocated only to legitimate devices, while reducing the total supply of IOTX tokens. Burning tokens means sending them to a verifiably unspendable address, making them irretrievable and effectively removing them from circulation.#IOTX