Burning Mechanism

The Boxa Travel platform offers a unique burning mechanism.

For every booking made on the platform using BOTR, a percentage of the transaction amount will be burned, reducing the overall supply of the token.

The burning mechanism is set to 0.5-2% of the transaction amount and is automatically applied when paying with BOTR. This means that the more users utilize the token for payment on the platform, the fewer tokens will be in circulation, increasing the scarcity of the token.

By burning tokens, the Boxa Travel platform is creating a deflationary environment. This burning mechanism also serves as a reward for early adopters and encourages long-term holding of the token.

The burning mechanism is a critical aspect of the BOTR token's utility and is part of the platform's efforts to create a sustainable and valuable digital currency. Boxa Travel is committed to continuing to develop the token's utility and explore new ways to create value for token holders.