Deflationary Burn Mechanism

The burn mechanism behind $BTCS is unique: a portion of transaction fees and liquidity pool fees are collected into a special wallet. When the accumulated amount reaches a pre-set threshold, a timed burn process is triggered, which reduces the circulating supply of $BTCS. This mechanism mirrors Bitcoin’s difficulty and halving processes by reducing the number of tokens burned over time.

How the Burn Mechanism Works

1. Transaction Collection: Each transaction, whether a buy, sell, or liquidity pool swap, contributes a portion of its fee to the burn wallet.
2. Accumulation: Over time, these collected fees accumulate in the burn wallet, building up the amount required for a burn event.
3. Timed Burn Trigger: When the collected amount reaches a set threshold, a timed burn occurs, where the tokens are permanently removed from the circulating supply, reducing total supply.
4. Halving Mimicry: Just like Bitcoin’s halving event, the frequency and amount of burn events decrease as the supply diminishes, creating a long-term deflationary effect.

Security and Transparency

Each burn process is executed with high security and transparency. The transaction fees collected and stored in the burn wallet are fully visible to the community, ensuring that the process is verifiable. Additionally, state flags and custom registers control each step, ensuring that the burn is triggered only when the correct conditions are met, preserving the integrity of the deflationary mechanism.

Bitcoin-Inspired Scarcity

Just as Bitcoin’s block rewards decrease over time through halving, $BTCS’s burn mechanism mirrors this with timed burns that reduce supply at regular intervals. As a result, $BTCS becomes increasingly scarce, driving value upwards over time as the supply decreases and demand potentially increases.

Key Takeaways

• First Bitcoin-Inspired Token on Solana: $BTCS brings Bitcoin’s principles of scarcity and decentralization to Solana’s fast blockchain.
• Deflationary Burn Mechanism: Transaction fees and liquidity pool fees are collected and burned when a set threshold is reached, creating scarcity and increasing value.
• Mimics Bitcoin’s Halving: Burn events decrease over time, reflecting Bitcoin’s halving process and increasing the deflationary effect.
• Community-driven: Fully driven by the community, with active engagement and transparency.

What’s Next for $BTCS?

• Live Testing: Testing the burn mechanism across Solana’s network to ensure consistency and efficiency.
• Exchange Listings: Expanding liquidity with new exchange listings and market exposure.
• Community Growth: Strengthening the community through engagement, education, and marketing efforts.

Join the Movement

$BTCS is the first Bitcoin-inspired token on Solana, featuring a unique deflationary burn mechanism that mimics Bitcoin’s halving and difficulty adjustments. The project offers a rare opportunity for community-driven growth and investment.

Disclaimer

This document is not financial advice. $BTCS is a high-risk, community-driven project. Always perform your own research before investing.