Over the past few years, the cryptocurrency markets have seen significant and unprecedented growth, with investors in the space earning huge profits. One major drawback, however, is that trading cryptocurrencies is a bit complicated and the recent influx of new projects into the market is quite overwhelming. As a result, investors that do not have the time, resources or expertise to do exhaustive research may end up making snap judgements and losing money. As such, it has become particularly important for investors to be cautious while making investments in ICOs and cryptocurrencies in general. This is because a large proportion of investors lack the knowledge to dissect projects, analyse teams or even to ascertain the authenticity of the claims made in the white paper. More so, even if these investors have the knowledge and expertise to analyse and make risk assessment for blockchain projects they may lack the time, resources, and in depth research required to make informed decision. On the other hand, there are multiple genuine cryptocurrencies and ICO projects that have viable products, and world class teams that have the ability to execute the vision and deliver revolutionary solutions within the space and this is where BURNY fits in as they have developed a revolutionary deflationary cryptocurrency that is an ethereum token utilizing the erc-20 based blockchain infrastructure. It is a social experiment and a financial case study aiming to measure the utility of a deflationary currency.
ABOUT BURNY
BURNY is a deflationary cryptocurrency that is an ethereum token utilizing the erc-20 based blockchain infrastructure. It is a social experiment and a financial case study aiming to measure the utility of a deflationary currency.
The project aims not to show new gimmick to deflationary tokens, but to attest the value of what can be done by creating an influential community culture, growing strategic partnerships, along with quality platform development. Building a structure and culture of equitable and transparent distribution is one of the ideas that the founders of the Burny token arrange this.
Burny is a social experiment, but it is also a community with robust organizational culture, a note of inclusion and diversity, and shared community goals. These factors, along with quality planning by the team for dApps and partnerships with other promising projects, will make Burny a great project to be a part of.
HOW IT WORKS
This project's purpose is not to be utilized for daily transactions, but rather as a decentralized boundary against traditional inflationary means. Within a system of immutable smart contracts and endless burning, Burny is the world's hyper self-burning cryptocurrency.
- There were initially 10,000,000 Burny in existence..
- Each time a Burny is transferred, 5% of the transaction is destroyed.
- There will never be newly minted Burny.
Token Details
Project: Burny
Ticker: BRN
Burn Rate: 5% per transaction
Token Allocation
50% Community
30% Development/Marketing
20% Team
Token price: 2.50 USD/BRN
Contrary to most of the crypto-currencies constructed on the blockchain, which are either inflationary or have a fixed number of supply, Burny is designed to be deflationary. With a fixed and an initial quantity of only 10 million tokens, BRNs supply will decrease rapidly with the increase of numbers of users joining the ecosystem, burning more BRN tokens with its growing usage on the Ethereum Blockchain.
Burny is also known as a social experiment on how a community will put value and choose to use it. The operation commences with 10,000,000 tokens. The number of tokens is then below the 10 million starting point because Burny is a deflationary currency. It deflates at a 5% per-transaction rate.
The project aims not to show new gimmick to deflationary tokens, but to attest the value of what can be done by creating an influential community culture, growing strategic partnerships, along with quality platform development. Building a structure and culture of equitable and transparent distribution is one of the ideas that the founders of the Burny token arrange this.
ROADMAP
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Website: https://burny.io/
Telegram: https://t.me/Burnycommunity
Twitter: https://twitter.com/BurnyToken
Facebook: https://www.facebook.com/BurnyToken
Author: BrainerdPaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409
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