It has been a long week for Burn Protocol and dragons in general. Unsure of what’s happening? Let’s help you catch up on all the activities on Burn Protocol and the expectations for the platform. Here we go!
BURN Presale Ongoing
The BURN presale went live a few days ago, letting potential dragons get their fair share of BURN. It’s a fair launch, which requires everyone including the team to purchase BURN.
Though the BURN presale seeks to raise funds for the Burn Protocol’s eventual kick-off, it’s a community-driven project. Anti-whale features have been introduced into the smart contract, so transactions above 0.1% of the BURN supply are properly penalized.
The presale is expected to run for 5 days from commencement. So if you still on the fence, you know what to do. Still we have another 24 hours to participate. Check this article for more details: https://burnprotocol.medium.com/how-to-participate-in-the-burn-protocol-presale-8fd56a110614
BURN Army Campaign
To set the mood while we wait for the conclusion of the presale, a BURN Army Campaign was organized. Through this online competition, community members compete for the grand prize of 100 billion $BURN, which is quite lucrative for just commenting.
Many community members put in their best, but there can only be one winner.
The No Loss Jackpot
Lottery programs have become commonplace among projects on the blockchain. While ticket prices are known to deter willing participants, the Game of Dragons spares you the cost.
The No Loss Jackpot only requires conducting a BURN transaction within the lottery timeframe and the last transaction conducted takes the price.
Well, the Game of Dragons is coming soon — at least once dragons have their $BURN. Token claim after a successful purchase is expected to commence on the 23rd of June, 2021.
Transaction fees sharing
Once BURN purchases have been claimed, transaction fee-sharing begins. Dragons get to stack popular cryptocurrencies like BNB, ETH, and MATIC as 4% of the transaction fees are redistributed among holders. It’s the protocol’s way of rewarding dragons for staying resolute no matter the situation.
Listings around the corner
Once presale is over, BURN will be available for claim. Since Burn Protocol is a multi-chain platform, BURN will be listed on the three popular DEXs on these networks — QuickSwap, Uniswap, and PancakeSwap.
BURN listing on centralized exchanges is expected to follow afterward. Indexing of BURN will also take place, ensuring enhanced visibility in the crypto space.
Audits in progress
The safety and integrity of the Burn Protocol will be revealed in the audit reports currently worked on by reputable auditing outfits. Once this report is completed, it will be made public.
BurnSwap is coming
BURN isn’t just another meme coin and what better way to prove this than the protocol having its DEX. BurnSwap is coming, and it’s going to change how we view decentralized exchange transactions. Of course, the BURN transaction dynamics will be considered in the building of the DEX.
No crypto project thrives in isolation, and Burn Protocol is no exception. Dragons can expect lots of partnerships shortly. This will pay off in a bigger community, which should reflect in the price of BURN.
Burn Protocol has several marketing campaigns in progress, but we are not resting on our laurels. Much more is scheduled for the coming weeks as we join hands to move Burn Protocol to greater heights.
Burn Protocol will support noble causes around the globe. We intend to make this a regular thing as we care about the health and wellness of everyone, both dragons and non-dragons. The donations will be raised through transaction fees.
Within a few months, the Burn Protocol NFT marketplace will be live, adding some color to the already brightly lit platform. Here, you can purchase or sell your tokenized digital arts with safety measures to ensure every participant is carried along.