maniecool: BURNY

BURNY is a deflationary cryptocurrency that is an ethereum token utilizing the erc-20 based blockchain infrastructure. It is a social experiment and a financial case study aiming to measure the utility of a deflationary currency.

The project aims not to show new gimmick to deflationary tokens, but to attest the value of what can be done by creating an influential community culture, growing strategic partnerships, along with quality platform development. Building a structure and culture of equitable and transparent distribution is one of the ideas that the founders of the Burny token arrange this.

Burny is a social experiment, but it is also a community with robust organizational culture, a note of inclusion and diversity, and shared community goals. These factors, along with quality planning by the team for dApps and partnerships with other promising projects, will make Burny a great project to be a part of.

How It Works?

This project's purpose is not to be utilized for daily transactions, but rather as a decentralized boundary against traditional inflationary means. Within a system of immutable smart contracts and endless burning, Burny is the world's hyper self-burning cryptocurrency.

There were initially 10,000,000 Burny in existence.

Each time a Burny is transferred, 5% of the transaction is destroyed.

There will never be newly minted Burny.

Token Details

Project: Burny

Ticker: BRN

Burn Rate: 5% per transaction

Token Allocation

50% Community

30% Development/Marketing

20% Team

Token price: 2.50 USD/BRN

Contrary to most of the crypto-currencies constructed on the blockchain, which are either inflationary or have a fixed number of supply, Burny is designed to be deflationary. With a fixed and an initial quantity of only 10 million tokens, BRNs supply will decrease rapidly with the increase of numbers of users joining the ecosystem, burning more BRN tokens with its growing usage on the Ethereum Blockchain.

Burny is also known as a social experiment on how a community will put value and choose to use it. The operation commences with 10,000,000 tokens. The number of tokens is then below the 10 million starting point because Burny is a deflationary currency. It deflates at a 5% per-transaction rate.

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