BURN (BURN) — price, overview & secure storage

About the coinThe $BURN token is an extremely hyper-deflationary currency that is built to become more scarce with each transaction that takes place within the $BURN economy. The concept is simple: start with a large supply to give the community a chance to participate and secure their positions, then let the deflationary Tokenomics reduce the supply over time. Holders are rewarded for simply holding the token.

Main featuresThe token incorporates a DAO (Decentralized Autonomous Organization) where token holders can vote with their owned tokens. This allows holders to determine buyback and burn strategies for every project. DAO users holding a minimum number of tokens can vote and submit proposals on the tokens subject to vote each month. Each burn token represents a vote in the DAO.

How it worksThe Tokenomics of the Burn Token includes a tax attributed to three different buyback and burn wallets. These wallets accumulate funds through transaction taxes and are used to buy back tokens on the open market. The purchased tokens are sent to the designated burn wallet or completely removed from the blockchain. Burns can occur manually or automatically, with funds deployed strategically. Additionally, the BurnCard NFT is an exclusive non-fungible token that can be burned by the owner, revealing a set number of BURN tokens deposited into the owner's wallet. There are 69 BurnCards available, each listed for 5 ETH and containing 10% of the max wallet size.