$BTO burn on Burnify program

Burnify has been the primary burning mechanism for $BTO and $BTTM until now. Even though $BTO and $BTTM were often among the tokens boosted through the protocol—making them the main choice for burning by Burnify users—we have now decided to make this official and fully integrate it into our TOKEN BURNING MECHANISMS.

How will it work?

If you haven’t noticed, until now, to generate the $EGLD needed to boost $BTO, we sold $BTO on the market. This initially increased market supply before decreasing it again after a full cycle. At the end of each cycle, that $EGLD—along with a little extra—was returned to the market through Burnify burning.

Starting today, $BTTM will be the token sold instead, meaning that the circulating supply of $BTO will decrease over time, leading to an increase in its price.

To keep $BTTM inflation in check, we have also decided to boost $BTTM.

How will this work?

We will implement a monthly boosting schedule on Burnify as follows:

• 20 days: $BTO will be boosted with at least 1 $EGLD on Burnify.

• 10 days: $BTTM will be boosted with at least 1 $EGLD on Burnify.

With this burning mechanism, we aim to take one step closer to our ultimate goal: BurnToOne.