Burn Mechanism
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Last updated
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There will be a transaction fee during staking which will then be used to purchase BOBA tokens. The current transaction fee is set at 4%. We will review the price of BOBA and see if we should increase or decrease the fee.
All burning fee (75% of the 4%) will be used to purchase BOBA and burnt
Burn:
75% of the 4% burn will be used to buyback BOBA and burnt
25% of the 4% burn will be sent to the developer’s address
The current burn is done manually to stabilize the price when massive dumps happens as we are trying to promote long term yield farming instead of pump and dump