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Home » Blog » What Is Burn?(BURN) Complete Guide & Review About Burn?
CryptoCurrencies

What Is Burn?(BURN) Complete Guide & Review About Burn?

Cws Team
Last updated: 19/03/2024 3:52 PM
Cws Team
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs.!
What Is Burn?(BURN) Complete Guide & Review About Burn?
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What Is Burn?(BURN)

“The Burn token is an extremely hyper-deflationary currency that is built to become more scarce with each transaction that takes place within the $BURN economy.” Start with a large supply to give the community a chance to participate and secure their positions. Then let the insanely deflationary Tokenomics do its part in making the token supply more and more scarce. Holders get rewarded for simply doing just that! Holding!

Contents
  • What Is Burn?(BURN)
  • Burn Coin Storage Key Points
    • BURN Price Live Data
    • BurnDao
    • How It Work
    • BurnCard NFT
    • How To Buy
      • Download Metamask
      • Send ETH to Metamask
      • Connect to Uniswap
      • Swap your ETH for $BURN

Burn Coin Storage Key Points

Coin BasicInformation
Coin NameBurn
Short NameBURN
Circulating Supply 200.00B BURN
Max Supply1,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

BURN Price Live Data

The live Burn price today is $0.000069 USD with a 24-hour trading volume of $219,957 USD. They update BURN to USD price in real-time. This is down 13.81% in the last 24 hours. The current CoinMarketCap ranking is #3883, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000,000 BURN coins.

If you would like to know where to buy Burn at the current rate, the top cryptocurrency exchange for trading in Burn stock is currently Uniswap (V2). You can find others listed on crypto exchanges page.

BurnDao

Token holders will be able to vote their owned tokens in a DAO that will allow the holders to determine the buy back and burns that will be represented in every project. In addition, DAO users holding a minimum number of tokens will have the ability to vote and submit proposals on the tokens that will be subject to vote each month. Each burn token represents a vote in the DAO.

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How It Work

Ingrained in the Tokenomics of the Burn Token is a tax that is directly attributed to 3 different buyback and burn wallets. These wallets accumulate funds through the taxes on transactions (buys/sells)  and are used to buyback tokens on the open market. The purchased tokens are directly sent to the designated burn wallet or in the case of the $BURN token – completely removed from the blockchain. These burns can take place at any time, both in a manual and an automated fashion, and the intention is to deploy the accumulated funds at strategic times.

BurnCard NFT

The BurnCard NFT is an exclusive non-fungible token in which the primary utility is to be burned at the discretion of the NFT owner. Once burned, the NFT is incinerated and removed from the blockchain, revealing a set number of BURN tokens that are automatically deposited into the same wallet that held your NFT. There are a total of 69 BurnCards that will be made available to the public. A single BurnCard NFT will be listed for 5 ETH,  each containing a total of 10% of the .15% max wallet size.

How To Buy

Download Metamask

From The App Store or Google Play Store, for free. Or add the desktop browser extension on Google Chrome by going to metamask.io

Follow their easy steps from their guide to setup a wallet.

When Metamask asks for your signature go ahead and click sign.

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Send ETH to Metamask

You can buy ETH directly through Metamask or you can transfer some from another wallet or crypto exchange. You can follow tutorials on Youtube if you get stuck on this step.

Connect to Uniswap

Go to uniswap.org via your desktop browser or use your Metamask mobile wallet by tapping the three lines at the top left of your screen to reveal your browser.

When Metamask asks for your signature go ahead and click sign.

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Swap your ETH for $BURN

Burn Go to uniswap.org via desktop browser or inside your Metamask wallet. Or click here.

Click the cog button and change the “Slippage” amount to 15-18%. Add your desired ETH amount you’d like to swap, once you’re happy click the “Swap” button to finalize the purchas

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ByCws Team
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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.Verna Is team Members of 9 People
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