Internet City, Dubai--(Newsfile Corp. - April 27, 2022) - LBank Exchange, a global digital asset trading platform, has listed Burn (BURN) on April 27, 2022. For all users of LBank Exchange, the BURN/USDT trading pair is now officially available for trading.
As an extremely hyper-deflationary currency, Burn (BURN) is built to become more scarce with each transaction that takes place within its economy, while its holders can get rewarded for simply holding the token. The BURN token has been listed on LBank Exchange at 21:00 (UTC+8) on April 27, 2022, to further expand its global reach and help it achieve its vision.
Introducing Burn
Burn is a hyper-deflationary currency with a radically different approach to DeFi tokenomics incorporating its TrueBurn methodology. It starts with a large supply to give the community a chance to participate and secure their positions, then let the insanely deflationary tokenomics do its part in making the token supply more and more scarce, while its holders can get rewarded for simply just holding it.
Ingrained in the tokenomics of the Burn Token is a tax that is directly attributed to 3 different buyback and burn wallets. These wallets accumulate funds through the taxes on transactions (buys/sells) and are used to buyback tokens on the open market. The purchased tokens are directly sent to the designated burn wallet or in the case of the BURN token - completely removed from the blockchain. These burns can take place at any time, both in a...
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