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The goal of Snow Burn is to reduce the circulating supply from 1,000,000,000,000,000 tokens to just 1 token, where holders will hold only fractions. The main feature to power this will be our revolutionary 1-1 burn mechanism, where for every transaction buy or sell, an equal number of tokens is automatically sent to the dead wallet by the contract. There will also be manual buy-back and burns which will be funded by revenue from our utility products. This will ensure an ever rising token price due to the rapid reduction of circulating supply.This will ensure an ever rising token price due to the rapid reduction of circulating supply. Snow Burn will be building some of the most important products on the AVAX network through the Snow Protocol.
70% of the intial supply will be allocated to our Snow Burner contract, enabling our 1-1 burning mechanism.
To battle bots on launch day, we implemented a sell tax curve which starts at 25% and reduces itself to a constant 15% tax, 24 hours after token launch.
There will be a cap on wallet holdings 0.2% of supply to prevent whales.
And finally, holders receive automatic reflection in our native token BURN, from each buy and sell transaction.
You'll be able to check the current burn, your BURN holdings, reflections and your current selling tax on our Dashboard.