The Burn Process
We manage the total profits from the GoFundMeme rewards because we funded the entire coin 100% ourselves, and then burned all the supply we got.
$BURN Token Rewards
All $BURN tokens collected as rewards from GFM will be burned. In the long term, there will be less and less $BURN in circulation. This will go on forever. Burn the supply to zero!
$SOL Rewards
Buyback & Burn
Staking GFM
Buyback and Burn50% of the SOL rewards are used to buy back and burn additional $BURN tokens.
Staking GFMThe other 50% is used to purchase and stake GFM. The staking profits (in SOL) are then used to buy and burn even more $BURN.
Why stake GFM?
Staking GFM offers several advantages. By staking, we ensure a steady supply of SOL for ongoing buybacks and burns - even if our own coin experiences low trading volume. Moreover, this strategy benefits from the entire GFM ecosystem: increased volume across all GFM tokens results in higher SOL yields from staking GFM, which in turn fuel further buybacks and burns for $BURN. In short, our approach guarantees that the burning process will never end, creating a self-sustaining tokenomic model that becomes more powerful over time.
