🔥Incinerator (Auto-Burn)
60% of the transaction volume of all $REIGN is sent to the treasury for a portion to be used for buy backs and burns. The more that is traded, the more USD+ accumulated by the Treasury for buy backs sent to the Incinerator, reducing the total supply of $REIGN. The amount grows larger and larger through self-fulfilling Auto-Compounding, reducing the circulating supply, and keeping the Reign Protocol project stable.
Burn Frequency
This process is done weekly so as to not incur hefty gas fees. The $REIGN to be burned is accumulated and then sent to the genuine BSC dead wallet on a weekly (subject to change) cycle.
Deflationary Mechanism
The other benefit to an everlasting burn of circulating supply is that due to its deflationary nature, it equates to a higher value of each $REIGN token, therefore aiding in increasing the individual value.
Incinerator Wallet Address: 0x4b0c267A3b8dFA4F89E1706dd89DFCdA8cA33e04
BSC True Dead Wallet: 0x000000000000000000000000000000000000dEaD
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