At BorpaToken, our biggest focus is rather simple - bring the biggest value to our Borpa community.
For us, having a robust token price is not just a 'nice-to-have'; it's critical for our project's reputation and reach. With BORPA at the core of our ecosystem, an upward price trajectory encourages users to engage deeply—battling for supply, which then triggers more buybacks and token burns.
These processes establish a self-reinforcing cycle where the more user engagement directly translates into more BORPA tokens being burnt. We are firm believers in the 'efficient-market hypothesis,' which theorizes that if supply is burnt, market participants will arbitrage that market capitalization loss by purchasing more tokens thus driving the price higher. The end goal here is to become the first highly-deflationary, fairly distributed memetoken.
There will be four types of fees leading to deflation of the $BORPA token:
Remember the buzz around SafeMoon or AIDoge? That hype was largely driven by a unique concept crypto users truly love: tax fees. While tax fees are a solid concept, many projects misuse them, funneling a part of the transfer fees into dev wallets. In BorpaToken's case, we use the tax fee entirely for supply burn. No allocations for 'communication', 'marketing', 'team', no bullshit; the entire tax fee goes straight to burning the supply.
In our case, we apply a 1% tax fee on each BORPA transfer. But why is that a good idea, you ask?
It's simple. Every time a BORPA transaction occurs within our ecosystem—whether it's a swap, deposit, stake, unstake, withdrawal, lock, claim, or slash—we burn 1% of the BORPA tokens involved. This not only shrinks the overall supply but also broadens Borpa's appeal. At BorpaToken, we're aiming to set the industry standard by becoming the first ultra-deflationary memetoken. This tax fee is designed to supercharge our other features, uniting both experienced and retail audiences around our astonishing burn metrics.
In conclusion, the 1% tax fee is a vital element in propelling the flywheel effect we seek. We also have a full suite of other deflationary mechanisms ready to roll out, making BorpaToken an unstoppable force in the memetoken landscape.
The BORPA part of the fee is forever burned.
The ETH part goes into the current chest.
Now, you might think that's high, but let's break down where this fee goes:
40% is sold for BORPA Buy Back and Burn.
40% flows directly into the current Chest.
20% is directed to the development wallet.
So you see, the deposit fee isn't just a number, it's a catalyst.
It boosts the BORPA price and increases farm pools APRs and Chest rewards. Successful projects like memefood tokens have used this mechanism with great results.
What initially appears as a cost, can really transform into a favorable momentum of visibility for BorpaToken. Simply put, the deposit fee benefits all participants in the Borpa ecosystem.
Chests are a big part of what sets us apart from the competition. When a chest opens, something special happens. Here's what you need to know:
The chest fills up with farm deposit fees.
When it reaches a specific threshold, 40% goes to a winner, 30% is being redirected to the chest N+1 and 30% is being used for buyback and burn.
The tokens we buy are immediately burned, taken out of the supply.
So, every time a chest opens, it's not just exciting for the winner, it's also helping all BORPA holders by instantly decreasing the supply of the token!