β›”No burn

would you prefer that we burn our token or that we redistribute them to the community?

Why no burn?

Burning tokens has been a common practice in new cryptocurrencies (especially in Yield farming optimizers) in order to temporarily raise the coin price by reducing the supply artificially. We did not implement a burn tax for two main reasons:

  1. Burning makes whales larger. After burning, the amount of coins held by holders relative to the total supply becomes larger.

  2. Burning is not needed to make a coin deflationary. A fixed token supply is inherently deflationary because of natural causes such as lost wallets, forgotten passwords, etc.

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