Buy backs /Burn

The contract assigns a portion of the BNB funds to the dead/burn address on a regular basis. It then spends the money on CoinADA tokens from PancakeSwap, which it then burns forever.

The following are some of the advantages:

  • It steadily raises the price of CoinADA by purchasing it from PancakeSwap on a regular basis.

  • The CoinADA becomes more valuable as scarcity increases over time, rewarding CoinADA owners in the process.

This works well with the Reserved Pool mechanism, because the dead address can access the reserved pool, preserving the amount of BNB rewards received by users. If the community votes to spend a portion of the funds in exchange for a higher price floor, the above function can be manually triggered.

This feature can be configured at any time according to what's best for the project and its investors. ​

Last updated