Cryptocurrencies

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does pepe coin burn

PEEPE Coin's innovative burning mechanism, activated during every transaction, ensures a continuous reduction in its total supply, boosting its value and rarity.

Oct 15, 2024 at 12:00 pm

Does PEEPE Coin Burn?

1. What is PEEPE Coin?

PEEPE Coin is a BEP-20 deflationary token that runs on the Binance Smart Chain. It features a unique burning mechanism designed to reduce the total supply and increase the coin's value over time.

2. Burn Mechanism:

PEEPE Coin has a built-in burning mechanism that occurs during every transaction:

Sell Transaction: 5% of the transaction value is automatically burned.
Buy Transaction: 2% of the transaction value is burned.

3. Burn Rate:

The burn rate for PEEPE Coin is based on transaction volume. As the coin gains adoption and becomes more widely traded, the burn rate will increase, reducing the total supply faster.

4. Tokenomics:

Total Supply: 1,000,000,000,000,000 PEEPE
Burned Supply: Decreasing with each transaction
Circulating Supply: Decreasing with each burn transaction

5. Benefits of Burning:

Supply Reduction: Burning tokens reduces the total circulating supply, making the remaining tokens more valuable.
Deflationary Pressure: The reduced supply creates deflationary pressure, pushing the price of PEEPE Coin upward.
Increased Scarcity: As the supply decreases, PEEPE Coin becomes more scarce, making it more attractive to holders.
Utility and Value: The burning mechanism provides inherent utility and value to PEEPE Coin, encouraging its adoption.

6. Conclusion:

Yes, PEEPE Coin has a unique burning mechanism that occurs during every transaction. This mechanism reduces the total supply, creating a deflationary environment that increases the coin's value over time. The burn rate is flexible based on trading volume, and the burning process is transparent and verifiable on the Binance Smart Chain.

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