OnlyBurns - A project that BURNS tokens and NFTs from other protocols!

Today we’re taking a look at OnlyBurns, a deflationary ecosystem that allows other protocols and communities to leverage its buyback and burn mechanism to appreciate the price and decrease the supply of their token and NFT projects.

The ecosystem utilizes a 10% sell tax that burns OBURN and a buy tax that is collected in BUSD and used to buy and burn the top 5 projects voted by the community.

The OBURN token is also hyper-deflationary and the treasury profits are used to increase the price of OBURN.

Users can vote for the projects to be bought and burned by using the Burn-dApp and burning OBURN to back their vote with governance. Then the top 5 projects with the most votes and associated OBURN burned will be bought and burnt once a month!

Website: https://onlyburns.com
Twitter: ​https://twitter.com/OnlyBurnsDeFi
​Discord: https://discord.com/invite/uZnwuKMtUp

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