Comment on page
Novoos Mariana Trench
$NOVO automated burn
A total of 2% of all $NOVO transactions that are traded are burnt in the Mariana trench, it reduces the circulating supply of $NOVO and keeps Novoos stable.
NMT grows in depth at each burn with every transaction, it is an auto-compound and self-fulfilling without any manual burning.
This reduces the circulating supply at a steady rate and provides much needed stability for the $NOVO token over the long term.
This has more benefits, as it is burns on every trade, the value of $NOVO increases too by deflation.
The Novoos Mariana Trench contract can be found below: