This system was developed to burn Loves and stimulate the price of our token. This system is fully automated and inserted in the smart contract of our token, in this way developers do not have any access to this system and the funds in it. Admins can't use or move these funds. More transactions = more burning = less supply = more demand.
How does Auto Buy-Back actually works?
The funds for this feature comes from the transaction fees — 3%. All these fees are automatically collected through contract of a token and converted into BNB. All funds are located in the smart contract of the Loves token. After the amount of collected funds in BNB reaches certain amount — the system automatically buys tokens and then burns them.
Loves is a deflationary token(have limited supply) and because of that it will burn FOREVER, due Auto Buy-Back system will work FOREVER too.
Important— If you see repeatable transactions with same amount in the selling list — this is work of Auto Buyback system.
Last modified 1yr ago