Burning
Last updated
Last updated
On 9inch part of the trading fees are accumulated into a contract to be used for Buy&Burn the $9INCH and $BBC tokens.
In a true decentralized manner anyone can call the function by just paying for the gas fees.
In return for the effort, a Bounty is awarded to whom ever activates the Burn.
There is no limit on how little or big the accumulated burn can be. Though it might be worthwhile to review the Bounty vs gas fees and see if it's profitable to call the function.
For a detailed guide head over to Beginner's guide to DeFi - How to Burn
Looking at few of the other well known DEXs and their daily volume, we can estimate how much that kind of trading volume on 9inch would burn $9INCH and $BBC tokens.
0,06% of the trading volume burn $9INCH and 0,01% are used to burn $BBC.
This applies constant buy pressure on the tokens, makes $9INCH deflationary and supports the price of $BBC.
