Token burn mechanisms commonly used in cryptocurrencies like #BitTorrent ($BTTC ) to implement a deflationary model.

Transaction Fee Burns

➡ A portion of the transaction fees paid by users is automatically burned, permanently removing those tokens from circulation.

Periodic Token Burns

➡ The project team schedules periodic burns where a specific amount of tokens are destroyed, often based on network activity or revenue milestones.

Smart Contract Triggers

➡ Certain actions within the network, such as using services or completing transactions, trigger an automatic token burn.

Ecosystem Burn Programs

➡ Tokens collected through ecosystem usage, such as staking fees, file-sharing rewards, or subscriptions, are burned to sustain long-term value.

Buyback and Burn

➡ The project team uses profits or revenue to buy tokens from the market and burn them, reducing the circulating supply.

In BTTC's case, the transaction fees or network usage fees within the BitTorrent ecosystem might involve burning a percentage of tokens.