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#数字资产市场动态 💥There is a Chinese token project that has implemented an interesting burn mechanism. So far, 368 million tokens have been burned💥
Let's talk about their approach——each transaction incurs a 6% slippage, which is all funneled into a "buyback and burn reserve wallet." When the accumulated amount reaches 0.1 units, an on-chain bot automatically executes a buyback, sending tokens directly to a black hole address for burning. With this method, the price increase is indeed quite significant👍🏻
The most aggressive part is that whether the token price goes up or down, as long as there are trades, buybacks and burns continue. Compared to some projects that perform "fancy buybacks" with their left and right hands, this transparent on-chain automated mechanism is at least clear to see. With ongoing burning pressure and liquidity support, it's hard not to see the price rise📈
I heard that future iterations will randomly adjust the burn intensity or market stabilization strategies based on slippage conditions. Let's wait and see what the next move will be.