About TOKENOMICS
BurnIT is a community-run accelerated hyper-deflationary SmartDefi token developed on the Binance Smart Chain.
The tokenomics of this project are actively working in favor of long-term holders ensuring that BurnIT will become scarcer with time. And when that happens, its market price value will go through the roof.
We made this possible by initially sending 90% of the total supply into a “Black Hole” address which will forever compound, thus increasing the burn rate. And with 40% reflections Tax we all know what will hapen!
Another important feature of our tokenomics is SmartDefi groundbreaking tech with liquidity locked forever inside contract, self-generating automatic liquidity from sell tax and AssetBacking pool for guaranted minimum value of BurnIT token.
With hyper-deflationary tokenomics we have SmartDefi features on hyper mode and our Baseline price is rising sharply due to hyper-deflation and reducing the amount of tokens in cirrculating supply. So each sale in addition to adding an amount of 5% of the value to the AssetBacking pool also reduces the amount of tokens in the circulating supply versus which the value from the AssetBacking pool is allocated. With such mechanics, our market price will have pressure from the reduction of the amount of tokens in circulation and second pressure from the growth of Baseline price. On top of that, the addition of 5% SRPF tax added to liquidity gives us aditional guarantee of price raise. Hold your tokens tight!
REFLECTION TAX: 40% - Each transaction is taxed with 40% reflection tax which is distributed amongst all holders based on their shares. (If you hold 0.001 ROX, this tax is not on buys, but only on sells.)
ASSET BACKING: 5% - Asset backing tax of 5% on Buy and Sell building ever rising Baseline value od BurnIT
SRPF: 5% - Tax thats adds to liquidity only on Sell that steadily grows the available liquidity of a token
