Burning a collectible means that it is forever removed from circulation and the specific serial number of the collectible will seize to exist.

In the Burn & Earn feature, a user can get Trade Tickets in return for burning their collectibles. These Trade Tickets can then be used to purchase exclusive packs.

Please Note:

The number of Trade Tickets you earn depends on several factors, including the Collectible Rarity, Collectible Serial, Player Level and the Player Form.
FanCraze will drop special packs that can be purchased either using Trade Tickets only, or by using a combination of Trade Tickets and Cash.
Within any 24-hour period, you can burn up to 20% of your collection (excluding Flash Cards) or 20 collectibles whichever is lower.
Not all collectibles are eligible for Burn & Earn. FanCraze updates the list of eligible items monthly, using various metrics to decide which collectibles can be burned.
Collectibles listed for sale on the marketplace are ineligible for burning. Users will need to first unlist these collectibles if they wish to burn them.
Collectibles locked in Flash Games, Sets, or other utilities are ineligible for burning. Users will need to wait for these collectibles to get unlocked if they wish to burn them.

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Higgins