What burning means here
Supply actually goes down. It is not a dead wallet.
A lot of projects say "burn" and mean they sent the tokens to an address nobody has the key to. The supply number does not change; the tokens are just parked.
Kiln calls burn() on the token, which is a real ERC-20 burn. The tokens stop existing and totalSupply() returns a smaller number afterwards. You can check this on the explorer without trusting anything on this site.
How the site measures it
The percentage shown on each coin is measured against everything that was ever minted, not against what is left. That is the current supply plus everything already destroyed. Measuring against the shrinking number would make the same burn look bigger every time.
burned % = totalBurned / (totalSupply + totalBurned)
Two burns per coin
- Its own burn. 40% of its fees buys the coin and destroys it. Only that coin's traders pay for this.
- The KILN burn. 10% of its fees goes to the shared burner. Every coin on Kiln pays into the same one, so KILN's burn grows with the whole site rather than with any one coin.