Blockchain
Burn (BURN) Is Now Available for Trading on LBank Exchange
Internet City, Dubai–(Newsfile Corp. – April 27, 2022) – LBank Exchange, a global digital asset trading platform, has listed Burn (BURN) on April 27, 2022. For all users of LBank Exchange, the BURN/USDT trading pair is now officially available for trading.
Figure 1: Burn (BURN) Is Now Available for Trading on LBank Exchange
As an extremely hyper-deflationary currency, Burn (BURN) is built to become more scarce with each transaction that takes place within its economy, while its holders can get rewarded for simply holding the token. The BURN token has been listed on LBank Exchange at 21:00 (UTC+8) on April 27, 2022, to further expand its global reach and help it achieve its vision.
Introducing Burn
Burn is a hyper-deflationary currency with a radically different approach to DeFi tokenomics incorporating its TrueBurn methodology. It starts with a large supply to give the community a chance to participate and secure their positions, then let the insanely deflationary tokenomics do its part in making the token supply more and more scarce, while its holders can get rewarded for simply just holding it.
Ingrained in the tokenomics of the Burn Token is a tax that is directly attributed to 3 different buyback and burn wallets. These wallets accumulate funds through the taxes on transactions (buys/sells) and are used to buyback tokens on the open market. The purchased tokens are directly sent to the designated burn wallet or in the case of the BURN token – completely removed from the blockchain. These burns can take place at any time, both in a manual and an automated fashion, and the intention is to deploy the accumulated funds at strategic times.
The upcoming BurnDAO will allow token holders to vote their owned tokens to determine the buy back and burns that will be represented in every project. Furthermore, DAO users holding a minimum number of tokens will have the ability to vote and submit proposals on the tokens that will be subject to vote each month, and each burn token represents a vote in the DAO.
In addition, there is also an exclusive NFT (non-fungible token) called BurnCard, in which the primary utility is to be burned at the discretion of the NFT owner. Once burned, the NFT is incinerated and removed from the blockchain, revealing a set number of BURN tokens that are automatically deposited into the same wallet that held the NFT.
About BURN Token
Based on ERC-20, BURN has a total supply of 1 trillion (i.e. 1,000,000,000,000) tokens, of which 80% was burned on launch. It taxes a total of 15% on each transaction, of which 7% will be burned (2% of the burn goes to the ShibaDoge token), 3% goes into liquidity pool, another 3% is provided for development and operations, and the rest 2% goes into BurnDAO treasury.
The BURN token has been listed on LBank Exchange at 21:00 (UTC+8) on April 27, 2022. Investors who are interested in Burn investment can easily buy and sell BURN token on LBank Exchange right now. The listing of BURN on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about BURN Token:
Official Website: https://burn.realshibadoge.com
Telegram: https://t.me/ShibaDoge_Portal
Discord: https://discord.com/invite/realshibadoge
Twitter: https://twitter.com/realshibadoge
Instagram: https://instagram.com/realshibadoge
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact:
ZEXPRWIRE
[email protected]
Blockchain
CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities
Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.
Blockchain
Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum
-
Blockchain Press Releases7 days agoSweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain4 days agoReynold Lemkins Group Attends The Asset ESG Annual Summit to Explore New Paths for Corporate Sustainable Development
-
Blockchain Press Releases6 days agoEthiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain Press Releases5 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
-
Blockchain4 days agoBybit Web3 Deepens Outreach and Support for TON Community with TON Foundation, TON Society, and TON X at Devcon 7
-
Blockchain3 days agoCo-branded Credit Card Market Trends and Industry Forecast, 2025-2030 – Untapped Sectors like E-Sports and Decentralized Platforms in the Crypto Space Present Business Opportunities
-
Blockchain Press Releases3 days ago
KryptoGO Empowering Enterprises with Ready-to-Deploy Wallet Technology
-
Blockchain6 days agoWhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry
