Forever Burn Whitepaper
  • 📌Overview
    • Mission Statement
    • Vision Statement
    • What makes us special
  • 📹Intro Video
  • ⭐Understanding the Project
    • Intro Video
    • Contract Address
    • Chart
    • Presale
    • Liquidity Lock
    • Audit
    • KYC
  • 🧰Project Utilities
    • Passive Burn
    • Active Burn
      • In Summary
      • The missconception
      • NOT a rebase
      • Example
      • When will we activate?
      • 🏆Our Slogan
    • NFT
      • Mint your FireFox Here
      • Why Fox?
      • It not just Art
      • Rarities
      • Mint Price
      • 🔥Operation PHOENIX
      • 🔥The World in Flames Protocol
      • $10,000 Worth of Rewards
    • Staking
      • Understanding APY
      • Flex staking
      • Locked staking
      • Un-staking penalty
      • Example 1 - Yearly
      • Example 2 - Monthly
    • Wallet
      • Goal
      • Features
      • Video
  • 📊Tokenomics
  • 🪙Taxes
  • 🗺️Roadmap
    • 2022 - Quarter 3
    • 2022 - Quarter 4
    • 2023 - Quarter 1
    • 2023 - Quarter 2
  • 💭How to Buy
  • 💭How to Mint
  • 👥Team
  • 🫂Partners
  • 💱Exchanges
    • PancakeSwap
    • IndoEX
    • FinexBox
    • TokPie
  • 🇸🇴Links and Social Media
    • Website
    • Twitter
    • Telegram
    • Bitcointalk
    • Facebook
    • CoinMarketCap
    • CoinGecko
    • Watcher Guru Article
Powered by GitBook
On this page
  1. Project Utilities

Passive Burn

PreviousProject UtilitiesNextActive Burn

Last updated 2 years ago

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 sends the tokens out of circulating supply and straight to burn address ""

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

🧰
0x000000000000000000000000000000000000dead