Burning

Our burning mechanism

Infinite supply and constant token emission aren't good for economics.

However, good burning mechanisms tend to help to maintain a deflationary structure to the token economics. That's what we tried to put in place, inspired by BSC projects, Hybrid Burning is settled to burn as many tokens as possible and therefore ensure a sustainable economy.

What is Hybrid Burning?

Hybrid Burning refers to projects that use many mechanisms to burn tokens, a lot of them exist and can be aggregated. The more burning mechanisms are in place, the more deflationary should the economics be.

• Buyback Burning: This is the most common burning mechanism that is used because of its facility to achieve. All the fees collected will serve the purpose of buying back tokens in order to burn them.

• Transfer Tax Burning: Each transaction using $SNAKE will have a 1% fee which will be instantly burned to hell🔥

• Pool Deposit Fees: While most of those fees will serve for Buyback Burning, a small portion will be allocated to the development team for Marketing & Future Burning Mechanisms 🎁