BurningMoon: Bringing the Next Level Buyback and Burn Mechanism to the Binance Smart Chain
What is BurningMoon ($BurningMoon)?
BurningMoon is a truly innovative hyper-deflationary token, that aims to achieve the highest burn rate ever seen, by incentivising holders to burn their tokens. Holders get rewarded in BNB. Additionally, they can choose to be rewarded in any token they wish, including the “Promotion Token” which enables special bonuses.
How does it work?
Burn on Transfer
On every transfer a percentage of the amount will get burned.
BurningMoon will incentivise holders to burn their token. Holders who burn their tokens will receive 2x the rewards. You can burn any amount you like and receive double the rewards for the amount you burned.
To incentivise additional burns, they will provide a Lottery. You can acquire a lottery ticket by burning a set amount of tokens. The more you burn, the more tickets you receive. The winner of the Lottery will win a large amount of BNB.
What are these Buybacks and how do they work?
If a particular stock has low value, but has the potential to perform better in the future, often companies will announce a buyback of the stock in the open market. Once companies announce the buyback, investors gain more confidence to purchase, and hold the stock as well. Additionally, the demand increases as the company starts buying the stock, which ultimately will drive the stock to raise. There will be occasional burn events where marketing fees will be used to buyback BurningMoon and burn them.
BurningMoon created these burn and buy back mechanisms to create a viral token. From where they can launch their platform and tokenization of BurningMoon which will be known throughout the entire Crypto-community. These burn mechanisms are truly innovative and never before seen in this space.
Look at that Chart… crazy buying pressure!
Is this a SAFE project?
● Fully Audited by Solid Group — See Here
● Very experienced, reputable and trustworthy Dev — Rainhard
● Dev is very active on Telegram
● Custom contract verified by BSCScan
● Clear and transparent Team
● Strict anti snipe/bot measures
● Anti-whale features in place
● Liquidity Pool checked out good
● Sells checked out fine (No HoneyPot)
● Dev Wallet not holding huge supply
● Top holders liquidity checks out fine
● A great long term investment poised for growth
● I have personally dealt with this team and can vouch for them
● You are in SAFE HANDS!
● Not financial advice. Be sure to do your own due diligence.
Tell me more about this unique ‘Promotion’ Token feature!
There will be a unique NFT trading system that will burn most of the fees in BurningMoon tokens. The NFT trading system will be released in a later milestone.
What is an NFT?
In layman’s terms, a non-fungible token (NFT) is a digital asset, just like Bitcoin or other forms of digital currency, that indicates a certain address on a certified blockchain, an ever-growing digital receipt detailing the object’s transaction history. However, unlike a US dollar or Bitcoin, which are both fungible in that they are mutually equal in value and maintain their worth when exchanged, an NFT is entirely unique to itself and therefore is used to identify a unique object. In essence, no NFT is equal to another in its utility or form. This is why they can become so valuable and why the BurningMoon team are ahead of the game here by creating the future of NFT trading and collectibles.
What makes BurningMoon stand out among the crowd?
There are multiple reasons in my opinion!
● Biggest ever Buyback and Burns in the history of the Binance Smart Chain
● Based team & dev (Rainhard) produced a custom hand-typed smart contract just for BurningMoon
● Impressive Custom DAPP to track, buy and claim rewards amongst other smart features — See Here
● Excellent Liquidity/Marketcap ratio means your funds are represented responsibly
● Amongst the Highest Rewards of any token of your choosing the on BSC, along with innovative BURN mechanisms
● Part of an existing eco-system of custom coded innovative projects, with Burningmoon being a central lynchpin
● Frequent BNB Lottery Draws
● Rewards in a ‘Promotion’ token allows for future partnerships and better rewards for the community
● Bridges to other chains being developed in Phase 4
● Unique Tokenomics driven towards rewarding the holders in multiple ways
● Community Driven
● Exchange listings on their roadmap
● One of the most creative and innovative project I’ve ever came across
● Relevant to current trends
● Designed for longevity
● This is a multiple use-case token stretching from DeFi applications like NFTs to real-world operations that flex the token’s capabilities
● NFT Smart Platform to include a Marketplace, Auction, and a lot more to come
● Aggressive marketing drive
● These guys bring the right energy and passion to make this a success
● One of the best communities I’ve seen so far at such early stage
● This is a HIDDEN GEM of a project and one I was VERY happy to come across
● BurningMoon is getting a lot of hype right now
● Get in early as the list goes on…
The whitepaper is very impressive and extremely detailed.
Have any questions?
Contact them directly using the links below.
Binance Smartchain Contract:
Keep your eye on $BurningMoon… this is one to watch!