Ten thousand times coin? One hundred thousand times coin?
burnking, a joint mechanism surpassing Pangu + competition mechanism.
①Permanent lock of LP to gain dividend rights. Dividends incur a 3% trading tax for buying and selling at 65%.
②Competition mechanism, a competition round every 4 hours. During the 4-hour competition countdown, the top 10 players who destroy the most LP will receive competition rewards.
1st place gets 40%, 2nd place gets 18%, 3rd place gets 11%, 4th place gets 9%, 5th place gets 7%, 6th place gets 5%, 7th place gets 4%, 8th place gets 3%, 9th place gets 2%, 10th place gets 1%.
Competition rewards are 35% of the 3% trading tax for buying and selling.
㊙️burnking is launched through the FOUR platform, with contracts and pools being absolutely safe.
Dividends and competition mechanisms are all automatically executed by the on-chain contract, the contract code is open source, absolutely fair and just, public and transparent.
Dividend source: 65% of the BNB received by the contract is distributed to voucher holders.
Competition source: 35% of the BNB received by the contract enters the competition prize pool.
Core rule: The voucher will be reset to zero when receiving dividends; only after resetting can one destroy and participate again.
Current data overview:
Number of token holders: 1893
Pool:
burnking: 311 million
bnb: 53
Unit price: 0.000103
Market value: $100,000
Total LP value destroyed across the network:
132 million burnking
+Equivalent value BNB
Number of LP participants: 545
burnking has truly realized an infinite positive cycle. As the project continues to advance, with constant fluctuations, the pool will become thicker. And the increasingly rich pool will bring token stability and huge appreciation potential, which will attract more players to participate in building the ecosystem or conducting transactions.
More prosperous trading will bring more permanently locked BNB pools and richer dividend rewards as well as competition rewards.
This also forms an endless cycle; theoretically, this mechanism can run indefinitely, so the price of burnking theoretically has no upper limit.
Example: Suppose this round of the competition prize pool has 10 BNB, the first place can share 40%, which is 4 BNB, but the current first place has only destroyed LP worth 1 BNB, will anyone be willing to destroy 3 BNB to receive a reward worth 4 BNB?
Moreover, even if one does not receive competition rewards, there are still permanent dividends to be obtained, so under the drive of interests, someone will definitely destroy LP.
[Note: Destroying LP is the same as what we mentioned earlier about permanent locking.]
So does destroying LP mean one must first buy burnking and BNB, which would then create a transaction?
Therefore, we say that in burnking, the interests drive transactions, and the mechanism locks in consensus.
We are no longer in the past where merely holding tokens could yield dividends, or adding LP could earn dividends.
[Note: The LP from previous joint market making could be withdrawn, but burnking is permanently locked and cannot be withdrawn.]
Have you seen the infinite possibilities of burnking in the future?