Boss Token

One of the key tokenomics of Boss Token is the hyper-deflationary aspect of the token which burns more and more tokens as time progresses with trading volume. As of today, 55 trillion Boss Tokens have been burned, which equates to about $170,000 removed from the circulating supply permanantly. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6efc8373d74a436a8628cb7e0ff2dd29.png" />With each transaction made using $BOSS, 10% is redistributed, 5% goes to the liquidity pool, 5% gets redistributed to token holders in proportion to size of holding, including the <a href="https://bscscan.com/token/0x49324d59327fb799813b902db55b2a118d601547?a&#61;0x000000000000000000000000000000000000dead" rel="noopener noreferrer nofollow">burn address</a>. More details of these tokenomics can be found on the <a href="https://bosstoken.com/woofpaper/" rel="noopener noreferrer nofollow">Boss Token website</a>. As time progresses and the burn address holdings of $BOSS gets larger and larger, so too does the amount of tokens burned, creating a hyper-deflationary aspect to the token, in addition to the 5% which gets sent to the liquidity pool. This in combination with the use case of $BOSS planned to be used to unlock premium features on <a href="https://bosstrack.com/" rel="noopener noreferrer nofollow">Boss Track</a> creates multiple pressures which theoretically add to an increasing price floor as time progresses. We are excited to see more and more tokens burned in the future!

Over 11% of Boss Token's Circulating Supply Has Been Burned Since Launch

Boss Track

Alte articole publicate pe 28 mar. 2023

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