The passive burns are automated burns within the contract that get activated when any buy or sell transaction occur on the chain paired with FBURN token.
The burn address is a non accessible address of which any tokens that get sent there are forever lost. 4% of the taxes on each transaction are sent to the burn wallet
Passive Burn in Example:
- If an investor purchases 1,000 tokens at $1.00 each token then 40 tokens are automatically burned
- Then when the investor decides to sell his tokens another 40 tokens are automatically burned
But what does this mean for the price and chart?
If these 2 were the only transactions that occurred, then the floor price is now automatically raised to $1.08 for the next investor