✨Automated Burning 🔥

Burn Mechanism

There is a 5% transfer tax on each transaction, 30% of 5% transfer tax (1.5% of transaction amount) will be burned in every transaction (send, swap, farming, etc).

Black Hole Address: 0x000000000000000000000000000000000000dEaD

What Is Token Burning?

Token burning is the process of permanently removing coins from circulation, thereby reducing the total supply. Token burning is usually performed by the development team behind a particular cryptocurrency asset. It can be done in several ways, most commonly by sending the coins to a so-called “eater address” or “dead address”. Its current balance is publicly visible on the blockchain, but access to its contents is unavailable to anyone.

Why Is Token Burning Important?

There are several benefits of a coin burn and they are as follows:

• Increase in the value of the token

This is probably the most well-known benefit of a coin burn. Coin burn reduces the overall circulation of the token, thereby the overall supply decreases. It might potentially result in the increase of the value of the token. The constant burning of the coin helps to keep a steady value.

• A steady value of the token

Constant token burning helps to keep a steady value of the token and it also bets for a long-term price increase. Coin burn can potentially make the holder’s token more valuable than it was before the burn.