Hey guys,
I'm not the owner of this project, I just invested in this project recently cuz its not like any other coin I had ever seen. You guys don't have to buy but it would be nice if you guys can look into this and if I can get your input on it. I copied and pasted this part below from somewhere.
$PYRO Token Steps Up the Heat with Fastest Burning ERC Strategy, NFT Collection and Telegram Burn Bot
Revolutionary (True Burn) Technology 10000x Gem
(September 3 2022) – Tokenomics taken to a hot extreme brings ample rewards, as the newly launched $Pyro token reveals. Based on a pure True Burn Technology, $Pyro is the fastest burning token on the ERC20 ecosystem, with over 34% tokens burnt to date, and more being turned to ashes every second.
$PYRO is by definition a fast-burning, hyper-deflationary token. Naturally, the laws of demand and supply make its value rise continually with every buy or sell. That’s because 6% of the buy or sell tokens are burnt (truly removed from the total supply and never to be seen again). Completely burned of the Etherscan/Blockchain This is not a tax, but a value-add, as the burning causes floor price of the token to increase, bringing in greater rewards. The total supply of $Pyro is limited, and thus the net effect is an increase in value over time.
The hot fire of the entire platform can be tracked easily with the Telegram Burn Bot, similar to the hugely popular Bobby Buy or Bubble buy telegram bots. Every time a buy or sell takes place, the Burn Bot alerts the community of how many tokens were burnt. The bot keeps the community informed and entertained, letting everyone know that the platform is working smoothly and how prices are increasing.
“With $PYRO, we are bringing a fresh dimension to hyper deflationary tokens, which until now were not so effective. Our strategy is called the “$PYRO burn principle”, and the flames will continue to burn forever,” said a spokesperson for the project.
If external projects want to use the Burn bot, they too can get access and use it for community engagement. Developers and project managers can get the burner contract by using the custom burns $Pyro contract where 2% will go to the Pyro project from buy and sell transactions. This will add an extra push to the prices of $Pyro. The bot will also feature ads from the project.
How does the burn phenomenon work? The team behind the Pyro strategy reveals that it has to do with the ‘gamma squeeze’. When the number of tokens keeps falling with every burn, it creates a $Pyro supply shock, which rapidly pushes up the token price of every single token due to scarce availability.
$PYRO at a glance:
Total Supply: started with 1,000,000 $PYRO
Several hundred thousand have currently been burned off of the Blockchain totally burned off of Etherscan forever.
6% auto-burns on every buy/sell
0% developer/marketing taxes
Ownership is fully renounced
To add to the hotness quotient, the project will also release a special collection of $PYRO NFTs for the diamond hand $PYRO holders. NFT themes include specially designed “Firebreather”, “Lonezombie”, “The Ring of Fire and more.
$Pyro is for those who know how tokenomics works behind the scenes. The project will not distribute any tokens to the team, so no worries of pump and dump or early sell out. The liquidity remains locked, and the ownership has been renounced. The extra push given by a tightly organized marketing campaign will add more fuel to the fire. Beyond NFTs, there will be merchandise too and an exchange listing. Fans and followers should stay tuned to more promotions coming soon and new utilities.
About Us
$PYRO is a fast-burning hyper-deflationary token that gains value with every buy and sell transaction.
To know more, please visit:
https://linktr.ee/pyromatic?utm_source=linktree_profile_share<sid=6ef603ca-0d2e-4d10-929f-bf905e1ac12aTG:
https://t.me/PyroTokenTwitter:
https://twitter.com/PyroTokenERCWebsite:
https://pyrotokenerc.comDextools:
https://www.dextools.io/app/ether/pair-explorer/0xB38Cb6d6e5B413BeEf2140f335048E436A0F10fbCoinmarketcap:
https://coinmarketcap.com/currencies/pyromatic/Yonworld: Review and explanation of True Burn Technology and Tokenomics:
https://youtu.be/qe0F1yjtqpUAdam Shelton Review:
https://youtu.be/-KtKvRKi4KAYourpop Review:
https://youtu.be/T-IgWiT2gTcPablo Cro Review:
https://youtu.be/NCdVktR_w1IDecember Damarco Review:
https://youtu.be/we_jRqow8JcCrypto Club Review:
https://youtu.be/dGareGJPyJAACJ Review:
https://youtu.be/YDHHhLEui_0
