What is BurnChain?
BURNCHAIN is an extremely hyper-deflationary blockchain that is built to become more scarce with each transaction. Burnchain is the first chain to work on three burning mechanisms.
Burnchain will be implemented with three burn mechanisms (First and only blockchain to do thi) to reduce the total supply of $BURN. The first will be a monthly coin burn in which a portion of all fees collected by the Exchange (The Burn Exchange) will be used to buy back and destroy $BURN tokens. This drives up the price of remaining $BURN tokens as demand increases while their supply decreases.
The second mechanism consists of burning a portion of the $BURN spent as gas fees on the BURNChain on each transaction.
The third mechanism will be Fortnight $BURN burning events.