Burning Mechanism
Last updated
Last updated
According to our tokenomics design, each transfer must pay a 6% transfer tax. All the transfer tax will be burned (sent to the black hole address) immediately.
Black Hole Address: 0x000000000000000000000000000000000000dEaD
We plan to set up a Buyback Fund for regular buyback and burning cBEER tokens.
The fund consists of two sources: Initial liquidity from pre-sale & deposit fees.
Every time TVL increases by $5M, we will inject money into the fund.
Buyback happens every 12 hours and will use 7.5%-15% of the fund each time.
You can check the current fund balance on the homepage.
We will post all the buyback & burn record on the "Buyback & Burn Record".
Check the following chart for buyback details.
4% deposit fee will be charged at staking.
Buyback Fund will be added every 5M TVL.
35% of the deposit fee (4%) will be allocated to add into Buyback Fund.
50% of the deposit fee (4%) will be allocated as a dev & emergency fund.
15% of the deposit fee (4%) will be allocated for airdrop and marketing.
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