OrangeSwap 🍊 — Burning Our Way To The Future

We will burn $ORANGE with every Success we get!

To incentivize ongoing support for the protocol, OrangeSwap will try to increase the value of each token holder’s current supply by limiting the number of assets that are distributed.

One of the reasons for keeping a large total supply is that OrangeSwap intends to allocate much of this supply towards new features, airdrops, giveaways and of course, Burning!

What is Token burning?

The word “burning” sounds much more dramatic than it actually is. Token burning doesn’t involve any actual dissolving of digital assets because as we know it is impossible to destroy assets because the smart contract fixes the underlying protocol.

History, data and everything about the token and the blockchain it is based on are all locked in blocks and can’t be changed in any way. Seems like I’m writing a crypto for beginners article.

Anyways, token burning is a process by which tokens are algorithmically taken out of circulation.

Burning removes tokens from circulation therefore increasing the value of each token by reducing the current supply.

Wait. So, if nothing gets actually burned, then what happens?

Tokens are taken out of circulation by performing transactions to transfer them to a public address known as an “address eater”.

Like all addresses, keys belonging to this address are not obtainable by anyone and private. To summarize, sending tokens to this address makes the tokens become unrecoverable and then can’t be used by anyone.

Burn Address:

0x0000000000000000000000000000000000000000

Assets that are burned are recorded on the blockchain transparent ledger, everyone can view this on https://bscscan.com/ to make sure everyone can see that the coins are indeed “burned”.

What is the theory behind burning and why is OrangeSwap doing it?

The reason why we wrote an entire article just to explain burning is because burning is a pivotal module behind OrangeSwap. We will burn ORANGE for the most common reason there is which for deflationary purposes.

We use token burning to help make sure the value of $ORANGE stays stable or better increases in value. This variation in value will perhaps create additional incentives for those who trade and hold $ORANGE.

Token burning is connected to the value it will have for the token holders. Burning tokens will help to boost the value of each $ORANGE by reducing the current supply.

It’s all about supply and demand really. If there are fewer $ORANGE available for sale and on exchanges than the individual $ORANGE token will have more value.

The burning of tokens involves the permanent removal of existing cryptocurrency coins from circulation. The practice of burning is quite common in the industry and is very simple.

Token burning is a deliberate action taken by the creators in order to remove a certain number of available tokens from circulation.

Burn Map:

We’ve prepared a meticulous burn map. Each burn done will be after a major milestone that the

project reaches. So the community has a chance to work together and trigger each milestone on

their own.

Upon the arrival of each milestone, the owner following the burn map, will send the designated

number of tokens to the burn address and whoosh, there you go, instant burns.

We’ll make sure to announce the news of the burn each time.

What’s Next? Stay tuned for the presale and a detailed article explaining where you can buy $ORANGE

Get Involved:

OrangeSwap App: https://orangeswap.finance/

Email: hello@orangeswap.finance

‌Twitter: https://twitter.com/orange_swap

‌Telegram Group: https://t.me/orange_swap

Telegram News & Announcements: https://t.me/orange_swap_news

GitHub: Coming Soon!

Medium: https://orangeswap.medium.com/

Gitbook:

Instagram: https://www.instagram.com/orange_swap/

Reddit: Coming Soon!

Discord: Coming Soon!