How to burn ERC20 Tokens


#1

We have an ICO running however we have a rather large supply of ERC20 tokens. I would like to burn some to reduce the overall supply.

Having read up on this, I have found articles relating to Bitcoin whereby one would send tokens to a RIPEMD160/SHA256 hash however I am unclear of how this process works on the Ethereum network.

Any assistance would be appreciated!


#2

For anyone else looking to do this, you can send the tokens you want to burn to the following NULL ETH address: 0x00000000000000000000000000000000000000000