What Is the Difference between a ‘Token Burn’ and ‘Token Lockup’?

A token burn is the permanent, irreversible removal of tokens from the circulating supply by sending them to an unspendable address. A token lockup is a temporary measure where tokens are made inaccessible for a specific period, usually through a smart contract, but they are not permanently destroyed.

Lockups are often used for vesting or staking, while burns are for deflationary control.