Burny Token
THE PHILOSOPHY
As blockchain and cryptocurrencies gain more popularity, the concepts of
decentralization and self-governance become even more crucial for the trustless and
democratic nature of projects developed in the crypto field.
Burny Token has been created to provide the safety and democratic operation the crypto
investors urge for, as a 100% community-owned crypto project where all decisions are
made through the community governance.
The ownership of the token contract has been renounced after the successful launch.
Besides, 100% of the initial liquidity tokens has been burned, making it impossible to pull
back the liquidity.
TOKEN FEATURES
$BURNY is an RFI (Reflect) token running on Binance Smart Chain. It bears brilliant token
characteristics which incentivize holding the tokens by rewarding the investors and preventing
sudden pumps and dumps with its anti-whale mechanism.
At every transaction,
✓ 3% of the tokens subject to transaction are added to the liquidity pool, which helps to
grow the pool and stabilize the price,
✓ 4% of the tokens subject to transaction are burned, reducing the circulating supply of
the token which results in increased value for the remaining tokens, and
✓ 5% of the tokens subject to transaction are distributed to other token holders, which
encourages to hold onto the tokens to gain more tax rewards
The 500,000 (0.5% of initial supply) tokens limit per transaction works as an anti-whale
mechanism that prevents impulsive moves in both buys and sells. $BURNY aims to have
an organic, steady, and healthy growth.
FINAL THOUGHTS
We decided to make our own token project and gift to the community because of the
insecurity we felt when we were looking for projects to invest in. In our opinion, a true
decentralized token project needs to totally belong to the community and governed by
the community, and that is what we aim with $BURNY.
We renounced the ownership of the token contract right after the launch, which means
we can’t change any parameters or features of the contract. We also burned all of the
liquidity pool tokens, which means we can’t touch the liquidity.
We decided to keep a marketing wallet for funding of the tasks on the roadmap. Other
option would be community donations, and that could have slowed down our progress.
Every single token leaving the marketing wallet will be acknowledged and confirmed by
the community.
We are here to stay. We are here for the long run. We are here to rise together!
Twitter: @BurnyToken
