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Cylum Chimney
At Initial Launch 2% of all $CYM total supply is consumed in the Chimney which would kickstart the auto burning process. The more that is traded, the more fuel is added to the burning, increasing the size of the fire pit through self-fulfilling Auto-Compounding, reducing the circulating supply and maintaining the cylum protocol's stability.
The main advantage of an infinite burning of circulating supply is that, due to its deflationary nature, it results in a higher value for each $CYM token, thus increasing their individual value.
Last modified 1yr ago