Money is a finance
Dinero: High Fixed APY 382,274.28%, Earn $DINERO, $BNB, $BUSD, P2e Game/Journal/Staking — Burning means permanently removing a certain amount of tokens from the total circulating supply.
Burning is implemented to $DINERO protocol to ensure that its value is ever-increasing and therefore create additional incentives for traders and holders.
Each transaction of DINERO must pay a 9% transaction tax. 6% of collected taxes are burnt.
How does it work?
It’s all about supply and demand. According to basic economics, when the supply decreases while the demand remains the same, the price tend to rise. Meaning, if there is fewer coins available for the sale than the value of individual token will increase. It is also one of the reasons why $DINERO has a definite amount of circulation supply.
6% of the collected fees are burned. This is by being automatically sent to a separate “burn” wallet from where they are manually sent to the dead wallet. Dead wallet, also known as a black hole or an adress eater, is an invalid and inaccessible wallet. When sending tokens to this wallet, they can never be recovered.
The burning process is fully transparent and open for observation. Anyone can see transactions to dead wallet and confirm that the coins are indeed burned.
Transactions to dead wallet occur periodically once every week at a specific time.
Dinero: High Fixed APY 382,274.28%, Earn $DINERO, $BNB, $BUSD, P2e Game/Journal/Staking — Burning means permanently removing a certain amount of tokens from the total circulating supply.
Burning is implemented to $DINERO protocol to ensure that its value is ever-increasing and therefore create additional incentives for traders and holders.
Each transaction of DINERO must pay a 9% transaction tax. 6% of collected taxes are burnt.
How does it work?
It’s all about supply and demand. According to basic economics, when the supply decreases while the demand remains the same, the price tend to rise. Meaning, if there is fewer coins available for the sale than the value of individual token will increase. It is also one of the reasons why $DINERO has a definite amount of circulation supply.
6% of the collected fees are burned. This is by being automatically sent to a separate “burn” wallet from where they are manually sent to the dead wallet. Dead wallet, also known as a black hole or an adress eater, is an invalid and inaccessible wallet. When sending tokens to this wallet, they can never be recovered.
The burning process is fully transparent and open for observation. Anyone can see transactions to dead wallet and confirm that the coins are indeed burned.
Transactions to dead wallet occur periodically once every week at a specific time.
Important Information
Hopefully this article can be a useful reference, but if you want to know the Dinero project in detail, you can visit the social links here:
For more information:
Website: https://www.dinero.financial/
Telegram: https://t.me/dinero_fi
Twitter: https://twitter.com/dinero_fi
Reddit: https://www.reddit.com/r/DineroFinancial/
Medium: https://medium.com/@dinero.financial
Author:
Forum Username: regata45
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=3254020
POA: https://bitcointalk.org/index.php?topic=5395877.msg59972613#msg59972613
BSC Wallet Address: 0xAa0B1882e3C8BAF99d2B4ED385c2A3582EFf86A4