Article Summary, Automatically Generated By AI
Summary
- Introducing Forever Burn, a new feature on Binance Smart Chain ecosystem.
- Super burn: a deflationary mechanism that burns pooled tokens to raise floor price and market cap on every buy/sell transaction and during specific burn events.
- Burning mechanism does not affect total supply or individual holder’s supply, only burns pooled tokens.
Numbers and Figures:
- None
Case Studies/Anecdotes/Examples:
- None
Vital Takeaways/Insights/Conclusions:
- Forever Burn is a deflationary mechanism that raises floor price and market cap.
About Forever Burn: Igniting a New Era of Sustainable Cryptocurrency
We are proud to unveil a groundbreaking innovation within the Binance Smart Chain ecosystem, poised to revolutionize the landscape.
The super burn functions as a deflationary mechanism inherently integrated into the contract, which systematically reduces the pooled tokens, thereby elevating the floor price and market capitalization with each buy and sell transaction executed on the blockchain, as well as during designated burn events.
The burning mechanism operates distinctly from a rebase, as it preserves the total supply and individual holdings, solely eliminating tokens from the pooled reserves.