FRANKFURT, Germany, September 08, 2021 (GLOBE NEWSWIRE) – BurningMoon announces that it will regularly continue its Live Token Buyback and Burn events. Its first redemption and burn event generated widespread interest among investors and a positive response from the market, as tokens worth over $ 100,000 were redeemed in the market and burned at an event in exciting live on September 4 at 8:00 p.m. UTC.
Rainhard, the lead developer, says BurningMoon plans to redeem and burn tokens every week. He says “We are aiming for the fastest increase in the floor prices of all tokens” and explains that in the first week after BurningMoons’ successful launch on September 28, more than 25% of its token supply has already been burnt. It’s more like Safemoon burned down in its entire lifespan. Rainhard says everything around BurningMoon is designed to quickly burn off its token supply, increasing scarcity and ultimately value for all investors. This will be achieved through frequent token redemption and burning events, as well as several features that have been specifically implemented in their smart contract, such as the ability for any holder to sacrifice tokens to permanently increase rewards. or acquire lottery tickets.
New Partnership with Poached Doge
BurningMoon confirms a new partnership with Pocket Doge, which will be featured as a new promotion token, while BurningMoon itself will be available as a earned token at Pocket Doge. BurningMoon and Pocket Doge look forward to a fruitful collaboration and even more synergies in the future, as both aim to create a rewarding and secure environment for investors and develop NFTs and an ecosystem focused on gaming and gaming. money.
BurningMoon Tokenomics Explain
BurningMoon rewards are generated through taxed transactions and do not require a minimum amount of BurningMoon tokens. The rewards are placed automatically and can be claimed at any time. They can be claimed in BNB or any other token available on the Binance Smart Chain. In addition, any holder can combine their rewards to buy BurningMoon tokens tax free, acquire lottery tickets or Sacrifice tokens to receive double the rewards permanently. The rewards can also be used to acquire the promotional token tax free. Holding a specific amount of the promotional token provides additional benefits, such as a 3% tax reduction on all purchases and sales.
The rewards are generated through a variable tax structure, which makes it possible to adapt to different market conditions or to create promotional events. Tax cannot exceed 25%, this limit is hard-coded into the smart contract. Functions such as claiming, dialing, acquiring lottery tickets and sacrificing tokens can be accessed directly through BurningMoons’ state-of-the-art decentralized application (DApp), which interacts directly with the smart contract.
The promotional token is a prominent place in the DApp and can be acquired tax free. Holding a specific amount of the promotional token provides benefits such as a tax reduction.
The tax structure is variable, which makes it possible to adapt to different market conditions, but cannot exceed 25%. This limit is hard-coded into the smart contract, which is fully audited.
You can find more information on tokenomics in the white paper. Secure by design and audited.
The smart contract has been fully audited by Solid Group. Its elaborate code was carefully optimized, tested and audited before its release, to make it as secure as possible for investors, who seek protection against scams and stalls while maximizing their returns. Several innovative features have been successfully tested in real conditions, for example the complaint function in EarnADA or the innovative fair launch system from BurningMoons with a descending tax system, which was first integrated into BabyDot.
Outlook and Team motivation
BurningMoon is the result of months of development, countless testing, discussions and optimizations by Lead Developer Rainhard, supported by a team of over 30 talented and experienced people who are determined to make BurningMoon a real success.
Upcoming developments such as NFTs, a highly secure Token Launchpad and a world of video games will offer a wide range of opportunities for beneficial and promising partnerships.
Find outside Following In regards to BurningMoon:
White paper: https://burningmoon.xyz/BM_WHITEPAPER.pdf
Company: Burning Moon
Email: [email protected]
THE SOURCE: Burning moon