Gas Labs
  • Intro
  • Market Analysis
    • Cryptocurrency market context
    • Competitive Landscape
    • Opportunities Identified
  • Ethereum Blockchain
    • Ethereum Blockchain
    • $BURN Token and Deflationary Mechanism
    • Smart Contracts
    • Security
    • Future Technology Advancements
  • Use Cases
    • Scenarios in Which $BURN Can Be Used
    • Value It Brings to These Scenarios
  • Roadmap
    • Achieved Milestones
    • Future Project Development and Milestones
  • Conclusion
  • Next Step
    • Page 1
  • Legal Considerations
    • Legal Structure
    • Potential Risks and Disclaimers
  • $Burn
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  1. Ethereum Blockchain

$BURN Token and Deflationary Mechanism

Built as an ERC-20 token on the Ethereum blockchain, the $BURN token incorporates a deflationary mechanism. The smart contracts governing $BURN are programmed to systematically "burn" or eliminate a portion of tokens in circulation during each transaction. The burning process permanently removes tokens from circulation, which reduces the total supply over time and is intended to increase the token's scarcity and potential value. The $BURN token aims to keep deflating until it reaches 20% of its original supply.

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Last updated 1 year ago