Burning SPERMO TOKEN from tax Trades!
It's important to note that only SPERMO TOKEN collected from the tax on every trade from Uniswap and Quickswap will be burned and the value of the SPERMO burnt will be calculated based on the current price of the token at the time of the burning.
| Date MM/DD/YY | Burned SPERMO | Value Burned in USD | Max Supply |
|---|---|---|---|
| 04/02/23 | None | None | 21,000 |
| Total Burned SPERMO | None | ||
| Total Value Burned in USD | None | |
Burning SPERMO Tokens Every 30th of the month...
The SPERMO token is a type of cryptocurrency that will be soon traded on two decentralized exchanges (Uniswap and Quickswap). When people trade SPERMO tokens on these exchanges, a small amount of tax is collected. The tax collected from these trades will be burned every 30 days, meaning that a percentage of the tokens involved in each trade will be removed from circulation, reducing the overall supply.
The purpose of this burning process is to encourage people to hold onto their SPERMO tokens rather than sell or trade them, by making them scarcer and thus more valuable. With fewer SPERMO tokens in circulation, the value of each remaining token is expected to increase over time, which in turn makes it a more valuable investment.
However, it's important to note that this burning process only applies to the taxes collected from trades on Uniswap and Quickswap, and not to the total supply of SPERMO tokens.
Over time, this burning process would continue to reduce the total and circulating supply of SPERMO tokens, making them scarcer and potentially more valuable.
Secure and Immutable
Supported by multiple wallets
The NFT image is stored directly on the blockchain and not on IPFS
Low Market Cap
