How Does Dinero Burn Tokens?

 

Dinero: High Fixed APY 382,274.28%, Earn $DINERO, $BNB, $BUSD, P2e Game/Journal/Staking — Burning means permanently removing a certain amount of tokens from the total circulating supply.

Burning is implemented to $DINERO protocol to ensure that its value is ever-increasing and therefore create additional incentives for traders and holders.

Each transaction of DINERO must pay a 9% transaction tax. 6% of collected taxes are burnt.

How does it work?

It’s all about supply and demand. According to basic economics, when the supply decreases while the demand remains the same, the price tend to rise. Meaning, if there is fewer coins available for the sale than the value of individual token will increase. It is also one of the reasons why $DINERO has a definite amount of circulation supply.

6% of the collected fees are burned. This is by being automatically sent to a separate “burn” wallet from where they are manually sent to the dead wallet. Dead wallet, also known as a black hole or an adress eater, is an invalid and inaccessible wallet. When sending tokens to this wallet, they can never be recovered.

The burning process is fully transparent and open for observation. Anyone can see transactions to dead wallet and confirm that the coins are indeed burned.

Transactions to dead wallet occur periodically once every week at a specific time.

Tokenomics

In total, there are 400 million $DINERO.

  • Strategic development, other exchanges listings / locked in 2 months: 88.000.000 (22%)
  • Team tokens / linear vesting in 4 months: 32.000.000 (8%)
  • Staking rewards / locked permanently: 80.000.000 (20%)
  • Public token sale: 120.000.000 (30%)
  • PancakeSwap liquidity / locked in 10 years: 80.000.000 (20%)

Staking

Staking is of the products Dinero is offering to its users to help them increase their income.

In simple terms, staking is a way to earn rewards for locking your holdings into the staking pool. It’s a great way to generate passive income and take your investments to the next level!

DINERO offers you an APY of 382,274.28%.

Features:

You can stake your $DINERO at any time you choose. You can also stake any amount of $DINERO you want.

The contract will deliver rewards continuously as long as your assets remain staked.

There is no lock-up period, meaning that you can withdraw any amount of staked tokens at any time.

You are free to stake additional amounts at any time.

Dinero offers 382,274.28% APY.

Dinero has multiple staking pools: $DINERO/$DINERO, $BUSD/$DINERO, $BNB/$DINERO

Important Information

Hopefully this article can be a useful reference, but if you want to know the Dinero project in detail, you can visit the social links here:

For more information:

Website: https://www.dinero.financial/

Telegram: https://t.me/dinero_fi

Twitter: https://twitter.com/dinero_fi

Reddit: https://www.reddit.com/r/DineroFinancial/

Medium: https://medium.com/@dinero.financial

Author:

Tomohoon

https://bitcointalk.org/index.php?action=profile;u=3198788

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