π’ Announcement: Important Update Regarding $BART Token Holders
Dear $BART token holders,
We would like to address a recent issue that has caused a decrease in the number of tokens held by our valued community members. We believe in transparency and want to ensure that all holders are fully informed about the reasons behind this reduction.
The Bart Team recently implemented a mechanism in which the burn address was included to receive reflections. However, we did not anticipate that the contract would automatically burn the previous rewards that holders had already acquired. As a result, there was an instant burn of $BART tokens, equivalent to approximately 2% of the total supply.
In simpler terms, the tokens lost by each holder were sent to a dead wallet address. Consequently, a total of 54% of the circulating supply has now been burnt.
To compensate our loyal holders for this unexpected reduction, we have decided to implement a new approach. Going forward, all transaction taxes will be redistributed to holders until we achieve a 56% total supply burn.
Here's how the new tax redistribution system will work:
For every buy transaction, 5% of the taxes collected will be distributed as reflections to all holders.
For every sell transaction, 15% of the taxes collected will be distributed as reflections to all holders.
We believe that this adjustment will help in compensating our holders and providing them with a fair opportunity to regain their tokens. By redistributing 100% of the transaction taxes, we aim to foster a stronger sense of community and ensure a more rewarding experience for all #BartArmy.
We apologize for any inconvenience caused by the unexpected token burn. We appreciate your understanding and ongoing support as we work to improve the $BART ecosystem.
Thank you for being a valued member of our community.
Best regards,
Bart Team
π₯π£ Bullish NEWS! #BARTBURNπ₯π #bartcoin is taking a quantum leap towards greatness! We are thrilled to unveil a groundbreaking transformation: $BART is now a deflationary token! π₯
π₯ With immense pride, we announce the activation of our auto burn mechanism. Every transaction will now result in a reduction of $BART's circulating supply over time. β³π
π°π This groundbreaking move has a significant impact on the value proposition of Bart Coin. As the supply diminishes, scarcity takes hold, paving the way for potential price appreciation. πβ¨ #fullmoon
πͺ Brace yourself for a thrilling journey as we watch $BART evolve into a truly valuable asset. Our commitment to revolutionize the crypto landscape has taken a monumental step forward!
βοΈ Stay tuned for more updates as we navigate this exciting new chapter. Together, let's shape the future of finance and unlock unprecedented opportunities with $BART #cryptomarket! ππ
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