The Biophilia Burner
Maintaining a low circulating supply and controlling the inflation rate are crucial for the success of any cryptocurrency. At Biophilia, we achieve this through our innovative burning mechanism called Biophilia Burner, which eliminates 1% of all $BPL tokens transacted on our decentralized exchange (DEX). This process ensures that more tokens are removed from circulation as the $BTD is exchanged more frequently on DEX, creating a scarcity of tokens and increasing their value.
Our burning process is ongoing and will continue until the Maximum Supply of 21,000,000 $BPL tokens, plus the 1,000,000 $BPL tokens locked in pancakeswap.finance for liquidity, is reached. Once the liquidity lock matures, these locked tokens will be liable to be burned, leaving a maximum supply of $BPL in the market of 21,000,000.
By reducing the supply of tokens through burning, we help to stabilize the value of $BPL, making it more attractive for long-term investors. This also ensures that the token remains deflationary, providing a strong incentive for users to hold and use $BPL in our ecosystem. At Biophilia, we are committed to building a sustainable and thriving decentralized financial ecosystem that benefits everyone.
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