Burn Protocol | A Multi Chain Protocol With Burning Mechanism
HONG KONG, CHINA / June 18, 2021 / The Burn Protocol, which is a perpetual deflationary multi-chain ecosystem, helps users earn passive income in not one but three different assets. It works on the principles of an autonomous frictionless yield farming algorithm generating rewards on the basis of taxable transactions.
Generating Revenue Securely for Every User
Every transaction happening on the Burn Protocol platform is subject to a transaction tax of 12%. The project is built on three different blockchains, giving it the colors of a multi-chain platform. The three blockchains are Binance SmartChain, ETH, and the Polygon Network. This makes the users on any of these three blockchains receive an equal share of the reward by holding $BURN.
The algorithm is set to levy a tax of 12% on every transaction, followed by the execution of three functions. These are Reflection, LP Acquisition, and Burn. As a result, 4% of the taxed transaction goes to the BNB/ETH/MATIC reward pool, 4% is sent to the auto liquidity pool, 2% is reserved as staking rewards, 1% goes to the No Loss Jackpot Pool, and the last 1% is burned. So, along with distributing the tokens in the community, the $BURN tokens are also diminishing gradually. This allots a deflationary character to the Burn Protocol.
The No Loss Jackpot game is about sharing the winnings of the Jackpot Pool with one lucky winner. Since 1% of every transaction amount will go in the Jackpot Pool, one winner at the end of the game will receive the entire amount. The No Loss Jackpot is a 6 hours game and with every transaction, the timer will move up by a few seconds. As and when the countdown finishes, the last person to conduct a transaction on the platform will win the jackpot prize money.
Important Features of Burn Protocol
Besides the token burn features, the Burn Protocol has a few additional user-friendly functions that will streamline the experience. The RFI static rewards algorithm will redistribute 2% of the transaction tax into all the existing $BURN holders. There is an in-built Anti-Whale mechanism, which will restrict any transaction above 0.1% of the total supply.
Any whale making a transfer between two wallets to the amount larger than 0.1% of the total supply will be charged 1BNB. Burn Protocol has a trustless contract system with the initial liquidity locked away under the protection of Unicrypt. With a total supply of 1 quadrillion $BURN, the platform provides static and passive rewards to the members of three different ecosystems from a single platform.
The users are eligible to receive their share of the tokens in any form from the pool in proportion to the number of $BURN tokens held by them. So for 1%of the BURN tokens present in the wallet, the users can get 1% of BNB/ETH/MATIC from the pool as their reward.
Autonomous frictionless yield farming and liquidity generation protocol prevents the community from Flash Loan attacks.
About Burn Protocol
As one of the few multi-chain deflationary platforms, the Burn Protocol integrates three different crypto projects and blockchains into one platform. This enhances the power of the community to stimulate transactional power and generate better rewards.
The auto-yield generating mechanism rewards the users by only holding the $BURN tokens in the wallets. Furthermore, there are dedicated reward pools that will accumulate the tokens only to redistribute them in the community as and when required.
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