Burn Protocol
Token Details
- Token Contract Address: 0x07012A6B8070930F845Ee87Af68A15381FF5E8E3
- BurnReserve Contract Address: 0x2e61515f2d9eb62317e52a080df77418a9b41468
What is Burn Protocol?
Burn Protocol is a deflationary token that stands out in the Ethervista ecosystem. Here's how it works:
- VISTA Fees: Each token trade generates fees that support development activities and treasury growth.
- 5% Burn Tax: A portion of each transaction is used to burn tokens, reducing supply and increasing scarcity.
How to Buy the Token
- Visit ethervista.app.
- Set slippage to at least 10% (due to the 5% buy/sell tax).
- Paste the token contract address: 0x07012A6B8070930F845Ee87Af68A15381FF5E8E3.
- Click "Swap"
Understanding BurnReserve
BurnReserve is a trustless system that establishes a floor price for $BURN. It accumulates assets that can be claimed by burning $BURN, allowing holders to claim a proportional share relative to the total supply. As the supply decreases, the value of assets per $BURN increases. If $BURN's price is too low compared to the reserves, arbitrage opportunities arise. BurnProtocol establishes partnerships to add more assets to the reserve.
Note: BurnReserve is complex and not intended for casual use. Misuse could lead to the loss of $BURN tokens. It primarily stabilizes the price by opening arbitrage windows.
Project Revenue
All fees generated by the project are reinvested into its development.