One of the key advantages of Burnitrum's buyback & burn mechanism is that it creates a self-sustaining ecosystem. As the value of $BRB tokens increases, so too does the value of the transaction tax, which means that more funds can be allocated to the buyback and burn wallet. This, in turn, leads to a further reduction in the total supply of $BRB tokens and an increase in their value.
Another benefit of Burnitrum's buyback & burn mechanism is that it incentivizes long-term holding of $BRB tokens. As the total supply of tokens is reduced, the value of each individual token should increase, making it more valuable to hold onto them for a longer period of time. This can help to create a more stable and committed investor base, which is essential for the long-term success of any blockchain project.
The buyback & burn process takes place daily from 8-12 pm CET and 3% of the transaction tax is allocated to the buyback & burn wallet.
This wallet is transparent and open to everyone, so investors can see exactly how many $BRB tokens have been bought back & burned each day.