Burn ($BURN), is an Extremely Hyper-deflationary Currency, To List on BitMart Exchange

Best John
3 min readMar 13, 2023

BitMart, a global digital asset trading platform, will list Burn ($BURN) on March 13, 2023, for all BitMart users, the $BURN/USDT trading pair will be officially available for trading at 09:00 AM (UTC).

What is Burn ($BURN)?

The BURN token is an extremely hyper-deflationary currency that is built to become more scarce with each transaction. Unlike the traditional method of transferring burned tokens to a dead wallet, such as address 0, TrueBurn will burn the tokens by removing them from the blockchain forever.

Vision

They believe the single most important thing we can deliver for our community is a decentralized ecosystem built to unite the often tribal communities within crypto, DeFi, and web3. This of course is brought on entirely by a community-first approach, where the community has the power to achieve anything they set their collective effort on. The founding volunteers have all been fortunate to experience the life changing effects of decentralization and their unified purpose has become to give that experience to as many people as possible.

Why $BURN?

TrueBurn will burn the tokens by removing them completely from the total supply. Essentially, those tokens will no longer exist and it will be like those tokens have never existed. You can imagine a scenario where the total supply is infinitely smaller than the initial starting supply.

BurnDao: Token holders will have the ability to vote their owned tokens in a DAO that will allow the holders to determine the buyback and burns that will be represented in every project. In addition, 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. Each burn token represents a vote in the DAO.

The BurnCard NFT is an exclusive non-fungible token 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 your NFT.

About BitMart

BitMart Exchange is a premier global digital assets trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinMarketCap, BitMart currently offers 1000+ trading pairs with one of the lowest trading fees in the industry. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their Twitter, or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

About Burn ($BURN)

ShibaDoge Labs is an experimental arm of the ShibaDoge ecosystem focused on disruptive technologies and experiences with a particular focus on DeFi, Blockchain, and Cryptocurrencies.

The $BURN token is an extremely hyper-deflationary currency that is built to become more scarce with each transaction that takes place within the $BURN economy

To learn more about Burn ($BURN), please visit their Website, follow their Twitter, and join their Telegram.

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