Compound Protocol
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πŸ”₯
The Fire Pit
$CProtocol is deflationary which means its supply will reduce with time and usage. 3% of all $CProtocol transactions are singed in the Fire Pit. By burning the $CProtocol, we can increase the demand for the token in the market. The more that is exchanged, the more get placed into the fire causing the fire pit to fill in size lessening the flowing stock, and keeping the compound convention stable and sustainable.
The other benefit to an everlasting burn of circulating supply is that due to the deflationary nature of it, equates to a higher value of each $CProtocol token, therefore increasing the individual value.
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