Bridgeswap is bridging Defi on Web 3.0 from traditional finance in a decentralized manner to create a fair global economy that is sustainable, accessible, and community-driven DAO.
Token Name : BridgeSwap
Token Symbol : BRIS
Chain : BNB Smart Chain (BEP20)
BRIS Deflationary Mechanisms is the process of permanently removing coins from circulation, thereby reducing the total supply. This will be performed by the development team and will be done in several ways, most commonly by sending the coins to Dead address.
How Does BRIS Deflationary Mechanisms at BridgeSwap Work?
The practice of burning may involve the project’s developers buying tokens back from the market or burning parts of the supply already available to them. Here, at BridgeSwap, there are four deflationary mechanisms in place.
- The BridgeSwap Lottery, 20% pot to be burned weekly.
- Auto BRIS Pools Performance fee, 2% subtracted automatically from each yield harvest to be burned weekly.
- In addition to the above, a dynamic amount of BRIS is also minted to the Dev address at a rate of 9.09%. This means that if 100 BRIS are harvested, then 9.09 BRIS is minted in addition and sent to the Dev Address. All the total amount of BRIS minted will always be sent to the dead address / burned weekly .
- 0.01% of all the trading fee captured on DEX, will be used to buyback BRIS and burned.