The new "Gift" mechanism from the Butterfly platform (@flapdotsh) is truly fascinating. Compared to the claim-based 2.0 model, if 7D of transaction fees are generated and no one claims the token, it will be repurchased and burned starting on the seventh day.
Taking the first token of this new model, ##GIFTS, as an example, its current market capitalization is 1.4M. The fee management address is the Butterfly platform founder, @eth_cedric. The first day's transaction fees and taxes were 62 BNB, approximately 40,000 USD, representing about 4% of the total holdings.
If no tokens are claimed within 7 days, the generated BNB fees will be repurchased and burned. This is a massive amount. Observing similar burning mechanisms for tokens in recent days, typically 20% of the tokens are burned per day. This new mechanism, with its 7-day expectation, warrants close observation to see its potential price surge.
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