Tax is used in the following 3 ways:
As the supply of Thoreum is reduced continuously due to tax (a proportion of which is burnt), each coin becomes rarer and more valuable.
It gives power to THORS THUNDER, our Auto Burning mechanism, which has already burned 68.5 Million tokens in the first 14 days. An incredible feat when you consider the circulation of only
680 Million coins.
If we continue to assume current trends, we can consider that if we are able to burn 10% in 14 days,
we can burn 20% of our total supply each and every month.
With each burn THORS THUNDER
puts more BNB in the liquidity pool and then
takes out Thoreum to burn it. This helps the price floor of Thoreum raise gradually over time.
Also, the number of coins in circulation is reduced, the coins you are holding become rarer and from this the value of each will increase. Allowing Thoreum to become
the world’s hyper deflationary token with additional benefits for long term holders.
Read more: swiy.io/AMA2Thoreum
