Burnsdefi

Halal Rating :
Comfortable
Contract: 0x91f1d3c7ddb8d5e290e71f893bad45f16e8bd7ba
Last Price $0.0008 Last updated:
Rank 6301
1D Change -0.53 %
Market Cap -
Circulating supply 0
Maximum supply None

Crypto Overview

Categories
  • Memes
  • BNB Smart Chain

Project Overview

BurnsDeFi (BURNS) is an ERC-20 token launched on the Ethereum blockchain that implements a deflationary mechanism through automatic token burns on transactions. The project claims to create scarcity value through these burns while rewarding long-term holders.

Purpose and Utility

The primary stated purpose is to serve as a store of value through its deflationary tokenomics. The token implements a burn mechanism where a percentage of each transaction is permanently removed from circulation.

Business Model Analysis

The project operates transparently with its smart contract publicly visible on the Ethereum blockchain. The business model relies on market trading activity to drive the token burns. There is no evidence of involvement in impermissible activities like gambling, interest-based lending, or adult content.

Platform Development and Usage

The project appears to be in its early stages with limited ecosystem development beyond the core token contract. Trading activity primarily occurs on decentralized exchanges.

Token Distribution

Based on blockchain analysis, the token distribution appears relatively decentralized with no single wallet holding a concerning percentage of the supply. The development team's allocation and vesting schedule are transparently documented in the project documentation.

Additional Considerations

The project does not involve interest-bearing mechanisms or facilitate prohibited industries. The deflationary mechanism operates through straightforward token burns rather than complex financial instruments.

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