The Burn Portal
Last updated
Last updated
“Burning” crypto means permanently removing tokens from circulation by sending them to a wallet from which they can never be retrieved. Crypto projects may burn tokens to reduce supply, which could lead to increased prices in the future as tokens become more scarce. The purpose of the burn portal being public access is to allow holders to burn reflections while still maintaining their positions at 100% or higher.
Note: Burning tokens count as a Transfer. Transfers are subject to the % Tax fee same as buy and sell. e.g. If 360m is burned from Treasury, Only 356,4m get burned (1.8m gets distributed as reflections)
