Among many emerging tokens, the design differences in destruction mechanisms vary greatly. Taking a popular Chinese coin as an example, it has currently destroyed a total of 368 million tokens, and the logic behind this number is worth examining.
The operation of this project is as follows: 6% slippage generated from each transaction all goes into the "Buyback and Burn Reserve Wallet." When the wallet accumulates 0.1 of a mainstream on-chain token, an on-chain bot automatically triggers a buyback order, and the purchased tokens are directly burned. The most interesting part of this design is its sustainability—whether the market is rising or falling, as long as transactions occur, buybacks are continuously executed.
Compared to some projects in the industry that perform "fake buybacks" with a "left hand to right hand" approach, this automated mechanism is indeed more credible. The ongoing burn pressure means the circulating supply is constantly decreasing, and the more active the trading, the faster the burn rate. From market performance, this positive feedback mechanism seems to be taking effect.
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MoodFollowsPrice
· 9h ago
368 million tokens burned sounds impressive, but trading volume is the real key.
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CodeAuditQueen
· 9h ago
6% slippage into the robot wallet? It depends on the audit report to see if the automatic trigger logic has reentrancy vulnerabilities.
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OfflineValidator
· 9h ago
6% slippage sounds pretty good, but I'm worried it's just a scam again.
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MidnightSnapHunter
· 9h ago
Alright, automatic destruction sounds good, but where does the figure of 368 million come from? Is it really burned or just playing tricks on the chain?
Among many emerging tokens, the design differences in destruction mechanisms vary greatly. Taking a popular Chinese coin as an example, it has currently destroyed a total of 368 million tokens, and the logic behind this number is worth examining.
The operation of this project is as follows: 6% slippage generated from each transaction all goes into the "Buyback and Burn Reserve Wallet." When the wallet accumulates 0.1 of a mainstream on-chain token, an on-chain bot automatically triggers a buyback order, and the purchased tokens are directly burned. The most interesting part of this design is its sustainability—whether the market is rising or falling, as long as transactions occur, buybacks are continuously executed.
Compared to some projects in the industry that perform "fake buybacks" with a "left hand to right hand" approach, this automated mechanism is indeed more credible. The ongoing burn pressure means the circulating supply is constantly decreasing, and the more active the trading, the faster the burn rate. From market performance, this positive feedback mechanism seems to be taking effect.