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HomeCOINSWhat Is Snow Burn (BURN)? Complete Guide Review About...

What Is Snow Burn (BURN)? Complete Guide Review About Snow Burn.

What Is Snow Burn (BURN)?

The plan is to burn tokens to a single digit in circulating supply, so that token holders will really only be able to own fractions. Snow Burn is a hyper-deflationary token built on the Avalanche smart chain with a revolutionary 1-1 burn mechanism, where for every transaction buy or sell, an equal number of tokens is automatically sent to the dead wallet by the contract. This will ensure an ever rising token price due to the rapid reduction of circulating supply.

As such through partnerships with the most exciting launches on the AVAX network, Snow Protocol will be an integral part of the network, powered by Snow Burn. Snow Burn isn’t intended to be just a meme token, they will be building some of the most important products on the AVAX network through the Snow Protocol.

Snow Burn Storage Key Points

Coin BasicInformation
Coin NameSnow Burn
Short NameBURN
Circulating SupplyN/A
Total Supply1,000,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Vision

The goal of Snow Burn is to reduce the circulating supply from 1,000,000,000,000,000 tokens to just 1 token, where holders will hold only fractions. The main feature to power this will be our revolutionary 1-1 burn mechanism, where for every transaction buy or sell, an equal number of tokens is automatically sent to the dead wallet by the contract. There will also be manual buy-back and burns which will be funded by revenue from your utility products. This will ensure an ever rising token price due to the rapid reduction of circulating supply.

Tokenomics

There will be a cap on wallet holdings 0.2% of supply to prevent whales. And finally, holders receive automatic reflection in your native token BURN, from each buy and sell transaction. You’ll be able to check the current burn, your BURN holdings, reflections and your current selling tax on your Dashboard. Snow Burn 70% of the initial supply will be allocated to your Snow Burner contract, enabling your 1-1 burning mechanism. To battle bots on launch day, they implemented a sell tax curve which starts at 25% and reduces itself to a constant 15% tax, 24 hours after token launch.

Set Up A Metamask Wallet

In order to buy BURN tokens on a DEX (decentralized exchange), you will need to have a decentralized wallet. Metamask is our recommended choice. When setting up your Snow Burn wallet, you will receive a 12 word “Seed Phrase” which can be used to access and recover your wallet from any device in the future. DO NOT share your seed phrase with anyone. Write it down, and store it in a secure place. Here is a link to download MetaMask (the Chrome Extension is recommended). After you have your MetaMask set up, you will notice that the Ethereum Network is set up by default. The next step is to add the Avalanche Network to your MetaMask. To do this, follow the instructions as outlined here.

AVAX tokens

Now that you have the Avalanche Network set up with your Snow Burn, it’s time to add funds to your wallet. You can go ahead and buy AVAX tokens on any CEX (centralized exchange), such as Coinbase, and send them to your MetaMask wallet. You can find your Metamask wallet address in the Chrome Extension. Some CEX may only support X Chain Avalanche but Metamask uses C Chain, so make sure to only use C Chain when choosing the network, For help to convert from X Chain to C Chain, Avalanche provides a detailed guide here.

You have reached the final steps. Now that you have AVAX on your MetaMask wallet, you can swap it for BURN tokens using the TraderJoe DEX. A trading window pair will also be added to our website to make this easier. Connect your wallet to Trader Joe, and swap AVAX for BURN. The recommended slippage to reduce errors and failed transactions should be between 20-25%. Gas fees will also be needed, so we recommend having an extra 0.10 AVAX to cover for this.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .