42069-1 Token
  • Welcome to $42069-1 Token
  • ERC42069 Protocol Overview
  • $42069-1 Tokenomics
  • Burning Mechanism
    • Auto burn
    • Burn Counter and Guaranteed Burn
    • LP Nuke Action
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  1. Burning Mechanism

Burn Counter and Guaranteed Burn

$42069-1 is designed to create a scarcity effect by strategically burning LP tokens, which accelerates price growth.

Here's how it works:

* Automatic Token Burning: A "Burn Counter" is built into the contract. Every time tokens are sold from the liquidity pool (LP), the counter goes up. When the counter hits a specific number (like 16 sells), the contract automatically burns 10 more tokens from the LP.

* Dynamic Burn Rate: The burn rate isn't fixed. As the number of tokens in the LP increases, the burn rate also increases. This means that as the market cap grows, more tokens get burned, making the remaining tokens more valuable.

* Example: If the LP has between 2629 and 5258 tokens, every 16th sell will trigger a burn of 10 tokens. This burn rate will increase as the LP grows larger.

This dynamic burn mechanism creates a continuous cycle of increased scarcity, which drives demand and ultimately leads to higher prices.

Tokens in LP and Corresponding Burn Counter

Tokens in LP

Burn Counter

0 - 2629

No guaranteed burn

2629 - 5258

16

5258 - 10517

8

10517 - 21034

4

21034 - 42069

2

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Last updated 9 months ago