Burny (BRN): The World’s Hyper Self-Burning Cryptocurrency

Burny (BRN) is a deflationary cryptocurrency that is an ERC20 token built on the Ethereum Blockchain. This project is a social experiment and a financial case study aiming to measure the utility of a deflationary currency.

How It Works

Burny aims to be a decentralized boundary against traditional inflationary means and not to be used for daily transactions. Within a system of immutable smart contracts and endless burning, Burny is the world’s hyper self-burning cryptocurrency.

• There were initially 10,000,000 Burny in existence.
• Each time a Burny is transferred, 5% of the transaction is destroyed.
• There will never be newly minted Burny.

Token Details

Project: Burny

Ticker: BRN

Burn Rate: 5% per transaction

Token allocation:

• 50% Community
• 30% Development/Marketing
• 20% Team

Token price: 2.50 USD/BRN

Contrary to most of the crypto-currencies constructed on the blockchain, which are either inflationary or have a fixed number of supply, Burny is designed to be deflationary. With a fixed and an initial quantity of only 10 million tokens, BRNs supply will decrease rapidly with the increase of numbers of users joining the ecosystem, burning more BRN tokens with its growing usage on the Ethereum Blockchain.

Burny is also known as a social experiment on how a community will put value and choose to use it. The operation commences with 10,000,000 tokens. The number of tokens is then below the 10 million starting point because Burny is a deflationary currency. It deflates at a 5% per-transaction rate.

The project aims not to show new gimmick to deflationary tokens, but to attest the value of what can be done by creating an influential community culture, growing strategic partnerships, along with quality platform development. Building a structure and culture of equitable and transparent distribution is one of the ideas that the founders of the Burny token arrange this.

Why make it Deflationary?

Most of the fiat around the world is inflationary by design. Governments and banks issue money as much as they need, which is a flaw. Some fiat used to be backed by gold, which is a limited asset that has a limited supply, but now, people’s savings and purchasing power is at risk because of the unlimited supply and inflation of fiat. It is where Burny comes into play, with a limited and reducing the supply of 10 million, with also utilizing a revolutionary and decentralized technology called blockchain, the supply and tokens can be traced and checked by everyone.

Unique Token Distribution

Burny Token is distributed with only 5% charge for every transaction. 30% of the token will be held by the team, 20% for the marketing and development, and 50% given to their community.

Burny is a deflationary token, with a 5% burn per transaction. Additional tokens may have deflationary functions, but not all have the plans to organize a platform and plug into dApps and grow new partnerships.

The fact that BRN is freely distributed and not sold makes it an actual social experiment, unlike tokens with ICO’s. Anytime BRN is transferred by the team to a community member, and it is posted publicly to be transparent with Burny when combining that with a quality distribution plan that benefits the platform and community more than just the founders.

Burny’s Bright Future

Burny is a social experiment, but it is also a community with robust organizational culture, a note of inclusion and diversity, and shared community goals. These factors, along with quality planning by the team for dApps and partnerships with other promising projects, will make Burny a great project to be a part of. The U.S. Dollar and different economic systems have definite imperfections as well as certain limitations for society. This experiment aims to analyze and record the results of a community utilizing a fixed supply token system, rather than an unlimited mint system like the Dollar and most other national currencies. Community members can learn from this experiment and give knowledge with other members, as well as provide meaningful research data. It is also believed the founders will build a significant platform for Burny through dApps and strategic partnerships.

Contact Us

Website: https://burny.io/

Email: Info@burny.io

Telegram: https://t.me/Burnycommunity

Twitter: https://twitter.com/BurnyToken

Facebook: https://www.facebook.com/BurnyToken