BIT TOKEN BURNING MODELS AUTO BURNING
$BIT Token adopts a deflationary model: each transaction charges a 6% tax, 4% of which is
transferred to the black hole address for destruction, and 2% is allocated to the wallet with
currency
MANUAL BURNING
For Biconomy exchange's all transactions fees, 50% be used to repurchase and burn $BIT tokens and 50% will be airdropped to token holders in the form of USDT
This burning,like the accrual of USDT, occurs once a QUARTER and the number of tokens burned depends on the market situation and the exchange's profit
https://biconomy.com/whitepaper/english.pdf
With the launch of the Futures trading section in the Q3, 2022,the corresponding part of the income will be used to repurchase and burn $BIT Token
Check Live Burning Amount on 2nd Wallet CLICK HERE
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