In the past weeks I have analyzed different projects in different chains such as CORE, ARBITRUM, ETHEREUM and now, I want to dive into this one I found on BSC blockchain
let's start breaking down and see What is Burnswap and how does it work?
Burnswap is held in your wallet and never in the control of an intermediary or centralized authority. Simply HODL and watch the Balance grow.
Unlike other protocols, simply hodl will provide divs. its always shows up in your wallet.
Value spreads divs to every hodler each and every Time a Trade occurs, scaled with 1%
The Protocol got an automatic burn system
They have built an improved Protocol. In which way?
âą No Disable Trading Functions
âą Public Receiver Wallets
âą Hardcapped Fees
The Token uses a calculated system to support its Ecosystem. Hodlers will simply see Rewards working for them.
HODL Token, watch as you earn Allocation directly into your wallet. Your Share will increase on every Transaction
Utilizing BB and Auto Burn provides an upside to Price Floor due to Reduction of Supply.
This means that without moving their tokens from their wallet, holders receive native divs.
The Treasury - The Treasury plays a critical role. Its primary function is to support the sustainability and growth of the protocol. The treasury may also be used to fund new Products, services, and projects that will expand and provide more value to the Community.
fees support the sustainability of the protocol. The fees enable crucial functions for the project. Rather than trading the Share to support the protocol, the approach is to support the sustainability and growth through fees.
Fees benefit from volume. Higher volume brings in more interest which in turn help the sustainability of the protocol.
The amount of fees (3% B / 8% S) allows the Token to provide a stable high yield, distributed in frictionless native Dividends.
Auto Burn - 1% of all Volume is reflected back to all Holders (incl the Burn Address). The more that is traded, the more get put into the Void causing it to grow in size, which in return acts to reduce the circulating supply and keeping the protocol stable.
We arrived at the end of this article, I hope you enjoyed it and as I always say, DYOR!
Do not forget to let me know your thoughts about this BSC project, I would love to hear your opinion.
#Binance #crypto2023 #dyor # DeFi
