Onomy Protocol (NOM) is a token that is used as collateral for stablecoin mining, management and remuneration. It also provides network security through staking. The token belongs to the Cosmos chain of the first level for a multi-chain and intuitive DEX. The project combines traditional with decentralized finance, simplifying the migration of foreign currency to the chain with the help of crypto-backed decentralized stablecoins, which will be used for trading, profitability and payments.

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Why is it that once created, tokens are sometimes burned from the open market? 

Dive into our newest article to learn how burns work and why they're part of protocol tokenomics.

https://twitter.com/OnomyProtocol/status/1547207176883736577

Why is it that once created, tokens are sometimes burned from the open market.