BurnedFi

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Description

BurnedFi provides a unique financial ecosystem where users convert $burnedFi tokens ($burn) into $BNB and mint $burnBuild tokens ($build) as proof. Each burning action equivalent to 1 $BNB generates rewards in $build tokens plus additional reflections for current holders, enhancing community participation. Users can claim rewards based on their $build holdings, minus their proofs, translating into claimable BNB amounts. Additionally, the platform offers a 10% invite reward in $burn tokens, with multi-tiered referral bonuses, fostering community growth. The remaining $burn tokens are mostly sent to a black hole address, contributing to the token's deflationary nature.

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FAQ

What is BurnedFi and how does it work?

BurnedFi is a decentralized platform that allows users to convert $burnedFi tokens ($burn) into $BNB and mint $burnBuild tokens ($build) as proof. Every time users burn $burn tokens equivalent to 1 $BNB, they receive $build tokens and additional reflections distributed among $build holders. Users can claim BNB rewards based on their $build holdings minus their proofs.

What benefits do BurnedFi users get from participating?

Users of BurnedFi can benefit by converting $burn tokens into BNB and earning $build tokens, which provide proof and are part of the reward system. Users earn additional $build reflections and can claim rewards in BNB based on their $build holdings. This mechanism allows for earning through holding and community engagement incentives.

How does BurnedFi's invite reward system work?

BurnedFi offers a referral program where users receive 10% of burned $burn tokens for inviting new users. Additionally, if the inviter was also invited, the original inviter receives a 5% reward. This incentivizes community growth, while the remaining $burn tokens are burned, supporting deflationary tokenomics.

How does BurnedFi ensure deflationary token behavior?

BurnedFi ensures deflationary behavior by burning a significant portion of $burn tokens (at least 85%) to a black hole address (0xdead) following invitation rewards. This process decreases token supply, potentially increasing token value over time as demand remains or grows.

How do users claim rewards on BurnedFi, and what should they consider?

Users can claim rewards based on their $build holdings, subtracting their $build proofs, to obtain BNB. It’s important to note that claiming rewards will reset proofs to zero. Users are encouraged to consider the potential impacts on community growth before claiming too frequently.

How does BurnedFi compare to other blockchain reward platforms?

BurnedFi stands out by offering a unique token conversion system where users can earn proof tokens by burning and holding $build tokens, which enable the claim of BNB rewards. Its tiered invite system also encourages organic community growth, contrasting it with other platforms focused solely on staking or liquidity provision.

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