Burning per transaction

This feature will be enabled only once the Xride community votes for it.

Burning Option:

  1. Transaction Fee: The smart contract collects a 1% fee from each transaction. This fee is designed to enhance stability and control unwanted inflation within the ecosystem.

  2. Dynamic Burning: The collected transaction fees (1%) are not kept by the platform but are instantly forwarded to the ecosystem's dynamic burning mechanism. This means that a portion of tokens is burned or removed from circulation with every transaction, reducing the total supply over time. Burning is a deflationary mechanism designed to increase the value of the remaining tokens.

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