TEMU is the first
@base coin I’ve seen that uses
@Stonks_Exchange’s Buy & Burn module, and I have to say, it’s pretty cool.
Instead of taking dev fees, the
@TEMUonBASE deployer set the 1% trading fee to automatically buy and burn $TE instead.
The token is barely a day old and has already burned 3.4% of its own supply!🔥
I think this is a worthwhile experiment to compare against the reflections model, where trading fees are returned to holders in the form of tokenized stocks.
Both are cool, but Buy & Burn might actually be better in some ways: every holder benefits from the reduced supply automatically, without filling your wallet with reflection dust.
And if volume keeps up, the interesting question becomes…
What does this little stock-paired meme look like after it burns 10% of its own supply?
20%?
Adding to my bag while monitoring…