How Catwifhat's Auto-Burn Mechanism Creates Scarcity and Value

[megamind]

Fellow memecoin fans, if you've been burned by those other memecoins that just seem to inflate endlessly, I feel your pain. But guess what? I stumbled upon Catwifhat as it prepares to list on Bitget, and it's been a total different story for me.

 

This little gem of a project on Solana has a built-in burn mechanism. Every single transaction burns 4% of the tokens, which means the supply is constantly shrinking. As a trader, that's huge. It creates scarcity and real value for holders like us. Plus, they've done massive airdrops, so the community is vibrant and growing.

 

Forget those other memecoins that pump and dump – Catwifhat is here to stay. They've even revoked all the contract authorities, so that burn is locked in forever. It's a community-driven, deflationary memecoin that's actually designed to benefit the holders. So, if you're looking for a memecoin with real potential and a passionate community, hop on the Catwifhat train.

[Rahul verma]

Coin burning is a mechanism used to remove coins from circulation, reducing the total supply permanently. Many cryptocurrency projects perform periodic coin burns to create a deflationary effect.

BNB adopts two coin-burning mechanisms, which will reduce its total supply by 50% in the long term. The first mechanism consists of burning a portion of the BNB spent as gas fees on the BNB chain (introduced in the BEP-95). The second consists of quarterly BNB burning events.

Previously, the quarterly BNB burns were based on the BNB trading volume on the Binance exchange. But in December 2021, Binance announced that the Quarterly Burn would be replaced by the new BNB Auto-Burn.

The BNB Auto-Burn mechanism will automatically adjust the amount of BNB to be burned based on the BNB price and the number of blocks generated on the BNB Chain during the quarter. This offers greater transparency and predictability to the BNB community. Users who have lost tokens in certain cases can count these towards the burn and then be reimbursed under the BNB Pioneer Program.