First “Buy and Burn” Deflationary Token in the Sonic Ecosystem
6% Buy Tax - 100% Locked Liquidity
So what's the deal with BurnX?
We Are Built Different
Typical "tax" tokens primarily benefit inactive developers and teams without adding value to the community, we're taking a different approach. This is a community initiative where our core mission is to support the expansion and long-term success of the SwapX ecosystem.
How do we achieve this? Through consistent buy pressure, burning SWPx tokens, and pairing BRNx directly with SWPx. This is a fully decentralized, autonomous token with no admin control, no rug risks, and 100% of the supply in the liquidity pool and locked for 6 months.
The Buy Tax
This portion buys SWPx and burns it forever, reducing SWPx supply and keeping consistent buy pressure on SWPx.
- Treasury is managed to add liquidity to automated LP positions on SwapX to further generate yield for the community. This yield is then used to various uses, mainly to bribe the BRNx/oS pools for increased APRs for the BRNx holders.
Fully deflationary, fully autonomous, burning BRNx with every buy transaction.
Burnonomics
BRNx is strategically paired SWPx in a liquidity pool, fostering a mutually beneficial dynamic. Each purchase of BRNx indirectly bolsters SWPx by facilitating burns, which applies steady upward pressure on SWPx's value and enhances its liquidity. New money coming into the system needs to buy SWPx, and then buy BRNx. Upward pressure on BOTH tokens.
Liquidity Pool Structure
- Full Allocation of BRNx to LP: The complete supply of BRNx is committed to the BRNx/SWPx liquidity pool, with no tokens held back or dilution risks.
- 6-Month Lock Period: The liquidity pool is secured for six months, providing stability and confidence while eliminating the possibility of a rug pull. Locking for 6 months, it gives the community an opportunity to pivot down the road if we need to.
- Equal Opportunity Launch: No team allocations, presale, or insider advantages — BRNx launches fairly, ensuring everyone begins on the same level playing field.
The Treasury
Automated oS/SWPx LP Position: The Treasury uses these funds (1.5%) to enter an automated liquidity pool position on SwapX, specifically oS/SWPx. This LP position earns yield and deepens SWPx liquidity.
- Strengthen BRNx/SWPx Liquidity: Reinvested into the liquidity pool
- Buy $BRNx: Purchase tokens on the open market
- Future Bribes: Incentivizing governance voters
This creates a self-reinforcing system: buying BRNx supports the pool, voting directs rewards to it, and LPs benefit from increased activity and incentives.
- BRNx reduces its circulating supply through the mechanism of token burning. When someone buys BRNx tokens, a portion is permanently removed from circulation and are sent to the 0xdead address, gradually reducing the total supply.
- The primary aim is to create scarcity, which, according to basic economic principles (supply and demand), could increase the token's value if demand remains steady or grows.
