At DYORAI, we are committed to ensuring the long-term success and growth of our community. To achieve this goal, we have implemented a token burn mechanism that benefits all token holders. Here's how it works:
We take 10% from each sale and put it into a buyback wallet. This wallet is then used to buy back DYORAI coins when the price is on a downtrend. This process is carefully monitored, and we only buy back tokens when the price is lower than its fair value.
Once we have purchased tokens from the market, we burn them, which means we send them to an address with no private key. By doing this, we decrease the token supply, making it a deflationary coin. The reduction in token supply helps to increase demand, which in turn leads to price appreciation over time.
By implementing this token burn mechanism, we are committed to ensuring that the value of DYORAI tokens continues to grow and that all token holders benefit from this growth. As our revenue increases, more tokens will be burned, which will further reduce the supply, and ultimately drive up the token price.
Deflationary tokens like DYORAI offer several benefits to token holders:
Appreciation in Token Value: As the token supply decreases over time, the demand for the remaining tokens increases. This increased demand can result in a rise in token value, providing an opportunity for token holders to earn a profit.
Protection Against Inflation: Inflation is a common problem in traditional fiat currencies, but it can also affect cryptocurrencies. By implementing a deflationary token model, we can protect our community against inflation and ensure the long-term value of DYORAI tokens.
Community Growth: By increasing the value of DYORAI tokens, we can attract more investors to our community. This growth in community can lead to increased liquidity, more partnerships, and more opportunities for everyone involved.
More Controlled Market: With a deflationary token model, we can have more control over the market. By burning tokens, we can influence the token price and ensure that the market remains stable and sustainable.
In summary, at DYORAI, we are taking a proactive approach to monitor and manage our token price by implementing a token burn mechanism. This helps to ensure the long-term growth and success of our community, and we are excited to continue building a vibrant and thriving ecosystem for all our token holders.