Launched as a social experiment and a financial case study, Burny (BRN) is a newly-launched deflationary cryptocurrency working as an ERC20 token on the Ethereum blockchain. The project aims to explore the potentialities and possibilities of a deflationary currency.
Burny (BRN) is launched with the objective to wither away the limitations of the traditional inflationary means through its decentralized pedagogy. The token cannot be used for routine day to day trading activities. Through the smart contracts and endless burning, Burny shines as the world’s hyper self-burning digital currency.
- Initially, there were 10,000,000 Burny in existence.
- Whenever a Burny coin is transferred, 5% of the transaction is destroyed.
- Users will never be able to deal with newly minted Burny.
Token Details:
Project Name: Burny
Ticker Name: BRN
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Burn Rate: 5% per transaction
Token allocation:
- Community- 50%
- Development/Marketing-30%
- Team-20%
Token price: 2.50 USD/BRN
Designed with a contrasting module, Burny will work as a deflationary coin rather than the regular cryptocurrencies that are inflationary or have a defined supply. With the increase in the number of users on its ecosystem, BRNs supply will reduce rapidly as more BRN tokens will get burned with the growing usage of the Ethereum blockchain.
In the current scenario, people’s savings and purchasing power is at stake because of the unrestrained supply and inflation of fiat currency. Burny comes as a survivor in this place as it has a limited and reducing supply of 10 million clubbed with the excellence of blockchain technology merits. It allows the tracing and checking of supply and tokens by one and all.
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BRN will be freely distributed and will not be sold unlike tokens with ICO’s, thereby making it a social experiment in all means. The Burny team’s planning for dApps and partnerships with other prominent projects promises a good fortune for the platform.
