BLACKHOLE PROTOCOL

Overview

BlackHole Protocol (BLACK) is a deflationary DeFi token on the BNB Chain (formerly BSC) that implements a burn mechanism where a portion of each transaction is permanently removed from circulation, theoretically decreasing supply over time.

Purpose and Utility

The primary stated purpose is to serve as a deflationary store of value through its automatic burn mechanism. The protocol claims to create scarcity by continuously reducing the token supply through burns on each transaction.

Business Model & Operations

The token operates through smart contracts that automatically execute the burn mechanism during transfers. No prohibited activities like gambling or interest-based lending were identified in the core protocol.

Development & Adoption

The project appears to have limited recent development activity and adoption metrics. The main utility remains focused on its deflationary tokenomics rather than additional features or use cases.

Token Distribution

Detailed information about token distribution and founder holdings is limited in publicly available sources. The project implements transaction fees that are partially burned and partially redistributed to holders.