BUIDL Token
  • BUIDL
  • Getting Started
    • Work Flow
    • đź’°Auto Stake
    • ♻️What is Rebase Token
  • how it works
    • What is RFV?
    • What is BIF?
    • 🔥Deflationary
    • đź”°What is Elastic Supply Token?
  • $BUIDL Token
    • Tokenomics
    • Utility of Trading Fees
    • Buy/Sell Tax
  • Road Map
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  1. how it works

Deflationary

Burn Mechanism Keeps the token deflationary

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Last updated 3 months ago

Deflationary, This is an operation that consists of removing circulating tokens from a cryptocurrency by “burning” them.

Burning a token means removing it from circulation, which reduces the number of coins in circulation. This mechanism is used to prime a new coin or introduce scarcity, which causes the value of the coin to increase.

Burning of tokens can be done in two ways:

  • Manually send it to an unowned BSC address, called an “eater” or “burner” address.

  • Or more efficiently, create a contract that is unable to spend it.

In both cases, the burned tokens are unusable.

Auto Burn, Skimming & Manual Burn Explained

Automatic Burn

Thanks to our innovative Auto Burn program, each & every transaction 1% of tokens will be burned. This special function controls token inflation over the time.

Automatic Burn (Skimming)

In addition, Rebase interest of liquidity Tokens will be burned during every transaction using Skimming function. which will control the immediate inflation forever.

Manual Burn

10% of initial supply allotted in burn vesting contract for periodic burn, you can follow the weekly burn.

The tokens will be sent to the burn BSC address:

0x000000000000000000000000000000000000dEaD

The program starts with just 2100 $BUIDL reserved exclusively for this purpose and will increase over time. In order not to be a pump and dump program we will perform the burn operations in a linear.

Every week, ~1-5% of the alloted tokens will beburned. This percentage will evolve over the days based on our Hyper Burn algorithm.

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