Burning cryptocurrency tokens entails, buying tokens and sending the tokens to a dead wallet address. A dead wallet is a wallet that cannot be accessed. It is a cryptocurrency black hole. As a result of burning a token, circulating supply is reduced and the floor price of the token is raised. Headlines of crypto communities that burn their own tokens to benefit their price has become abundant. Recently launched at the end of October, the Disco Burn Token is a token that has a utility to buy and burn other tokens.
The Disco Burn Token ($DBT) is a new crypto token that will highlight safe, vetted projects in an online streamed competition on the DYOR (Do Your Own Research) Media YouTube network. Investors of the DBT token vote on which project wins, and as a prize, the DBT team will buy and burn that projects tokens. The tokenomics of the DBT token include a 12% tax on every buy, sell, and transfer. 4% of each tax is sent to a buy and burn wallet. This wallet accumulates BNB and will be used to burn the tokens of the contest winner as well as other projects that are in the DBT ecosystem of safe projects that have a mission to provide free resources to BSC investors. The remaining portion of taxes are distributed as follows: 3% reflections in DBT to existing holders, 3% to marketing, 1% to auto LP, 1% to the developer.
The leadership team of DBT are all publicly doxxed. The CEO, Rob Discovich (last name inspired in the token title), has 8 years of tenure in the cryptocurrency space, and has already reaped in generational wealth for his future family generations to come. His vision of launching DBT is to build a legacy token that has the potential to become a top 10 alt coin while also spreading some buy and burn love to projects that deserve the spotlight. The contract writer, Jeremy Williams has had reputational success in writing safe, rug proof contracts that have lead to big multi-million-dollar market caps. Other leadership members include, Wes Powell, Chief Technical Officer, Carmen Indalecio, Chief Operational Officer, and Rich Corrao, DBT Community Manager.
The mission at DBT is to Buy, Burn, and Celebrate! Great projects deserve a platform to gain exposure. Disco Burn Token, in its first week, has already passed the $14M market cap with a goal to achieve a $20M before January 1st. BitMart exchange founder, Sheldon Xia, has offered the DBT community a chance to get listed for free on their exchange if the $20M market cap is achieved before the new year. For more information about Disco Burn Token visit their website: https://discoburntoken.com
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