The Void VOID
VOID
0.0009510
$
0.00 %
Change 24h
Market Cap
$ 57,703
Volume 24h
$ 1512.7
Circulating Supply
60,673,637
Total Supply
100,000,000
Website
VOID
$
# | Exchange | Pair | Price | Volume 24h |
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Description
VOID has a unique deflationary mechanism without any tax to create a static burn system on a timer. Every 12-48 hours depending on total percentage burned, 1% of its main VOID/ETH liquidity pool is burned. However during this process it only burns the sellside liquidity (VOID) and keeps the buyside liquidity (ETH).
This buyside liquidity (ETH) is then converted into other blue-chip tokens in BASE and they are paired up with VOID in their own liquidity pools backing each other. This also increases VOID's baseline floor over time as it has extra buyside liquidity and is over collateralized with each burn.
Currently with more than 10 different liquidity pools automatically managed with a rebalancing strategy VOID is thriving to make all of BASE go through The Void, these side pools are constantly bringing volume to VOID through either arbitrage or partial fills.
With more than 15% of its total supply burned in its first month, each day less and less VOID is being backed up by the basket of pools and blue-chip tokens in its many liquidity pools and pairs.