# $BYP Burning Mechanisms

When a cryptocurrency is sent to a burn address it’s gone forever, the token is intentionally sent to an unusable wallet address to remove it from circulation. The address, which is called a burn address or eater address, this address cannot be accessed or assigned to anyone. Once a token is directed to a burn address, it's gone forever. BrightyPad crypto tokens will be subject to coin burning. BrightyPad has decided that after completion of our first year of launch, in March 2023, at least 2% of the token supply will be burnt. It means that a min of 2% and a max of X% of the total tokens will be removed from the circulation every quarter (starting from March 2023). Token burning will ensure the token utility of BrightyPad remains stable and will deaccelerate the inflation rate. The confirmation of the burning process will be public and secure and will be validated on the blockchain for verification of the burn we will also update our social media handles.

### **Market Statistics**

Currently, over $50 billion in monthly volume flows from investors using decentralized crypto currency exchanges and the ecosystem that boost it comes from IDO launchpads that are placed in the prime centre of it all for assisting new projects to raise liquidity and to help promote new projects. Also, the crypto investors are constantly demanding new software to get cryptocurrency assets at an optimal price so investors can obtain the best yield for their participation in new projects being launched on the BrightyPad platform\
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