HyperBurn ($HYPR) is the flagship token of HyperJump that delivers instant passive yield directly to user wallets. It is a deflationary token with a burn on every transaction with the exception of buying.
Every transaction of $HYPR, with the exception of buying, is subject to the burning mechanism. The burn percentage is based on a curve against the price of BNB.
The highest percentage is 33% based on 50 $HYPR per BNB
The lowest possible burn is 0.5%
The burn occurs on all of the following transactions:
Selling on a DEX
Sending from one wallet to another.
Adding or removing liquidity to/from an AMM.
Besides of the burning mechanism, there are also a rich set of buy back mechanisms, which creates a constant buy pressure for $AURORA:
Deposit fees : Hyper Jump LP Farms: 1% , use for buying back $HYPR
HyperJump LP Vault Yield Performance Fees (taken off profit) - 4%
3.5% buys back $HYPR
0.5% call fee
Third-Party Vault Yield Performance Fees (taken off profit) - 4%
2.5% buys back and burn of $ALLOY
1% buys back $HYPR
0.5% call fee
50% of all burns are distributed to holders of HyperBurn (HYPR) instantly. The percentage of fees earned is calculated by the percentage of $HYPR that each owner holds.
No action is needed for holders to receive the fees. The amount of $HYPR increases right in their wallet.
25% of all burns are removed from supply permanently. This causes a constant reduction of supply making $HYPR highly deflationary.
25% of all burns go back to HyperJump for promotion and further development.
$HYPR began its life as a different token that was migrated to the current contract. The initial supply was 1 million tokens. The supply will only get smaller over time.