The lead developer and creator of Crypto Burn, having experienced years of rug pulls, deceptive acts by nefarious developers and chart manipulation by early investors and whales asked two simple questions, "Why am I waiting for someone else to take action" and "What can I do to help myself"? Presenting Crypto Burn, the beginning of a new, safe project for investors who have had the unfortunate experience of these same events and actions. Crypto Burn commenced with the idea of offering secondary and later investors an opportunity to capitalize on their investments sooner than later by reducing the supply of other projects. Every buy and sell of Crypto Burn incurs, in part, a 2% transaction fee, which is sent to our Vault Wallet. We then use these funds to purchase other project tokens. Those tokens are then staked, when available, to generate additional tokens at no additional cost to our community. At the appropriate time ALL tokens will get burned, which reduces the supply creating a scarcity, increasing demand and price while also adding to the liquidity of that project. The more transactions we have the more we can buy, stake and burn. All tokens acquired are the property of the investors. Crypto Burn owns no tokens, only acts as a sort of custodian until the final burn. What makes us different? Traditional burn projects have a high burn rate to start, but over time as the price increases their burn rate slows. By utilizing the staking option Crypto Burn has a slower burn rate as we build our staking pools, but a higher more sustained burn rate that remains independent of the price. We will burn more tokens longer as time progresses whereas other project burns will have minimum effect. For Example, Other projects might burn 40million tokens now while we only burn 1Million, but over time as the price increases other projects buy and burn fewer and fewer tokens until they are down to a few hundred thousand or less at a time, or a whale sells off and drops the price. By utilizing staking options, Crypto Burn steadily increases our burning rate, which is also consistent and independent of the price of the token. Only the rate at which we add to our staking pools slows, which is dictated by the price. Furthermore, many projects are secretive about everything with little to no transparency. Crypto Burn intends to disclose as much information as possible without violating privacy, or legal issues. As we progress in development we will look into providing a monthly report of our activity, plans and timelines. Additionally, Crypto Burn intends to maintain a Heavily Community Driven Posture. This project will always be open to suggestions, ideas etc from any community member, which as long as it's in the best interest of the project, investors and community will get the most serious consideration. Furthermore, We will provide the community with options, put it to a vote and proceed based on those results. So how do we begin? Our intention is to start with "?" (project chosen, but name disclosed in the coming days) creating weekly staking pools until we have enough to cycle them on a weekly basis. At that point we will open the project to Shiba Inu and offer the community the opportunity to vote on where we invest our efforts and funds. By doing so we create a friendly competition between communities that drives engagement, investment and transactions. This will support Crypto Burn, "?" and Shiba Inu together as we work with all three projects simultaneously. How is Crypto Burn safe and will be around for the long term. First the lead developer identity is tied to the website, PayPal account, Contract Developer, X and Telegram accounts, which can be easily traced. At the appropriate time, if the community requests it, the lead developer will completely dox their identity. Creating a cryptocurrency project, done right, takes funds. Before expending too much we would like to see some commitment and investment once trading commences. Once that happens, we see more interest and engagement, we intend to upgrade the current contract to include a locking mechanism on the liquidity wallet. However, history has proven that this feature alone with standard restrictions has done nothing to stop rug pulls. Considering that, we are reviewing more robust means with multiple layers to prevent these sorts of actions. Our current key feature is to hard code the locking contract to limit a withdrawal with the minimum between a fixed amount and percentage with a maximum amount that can be withdrawn in a given year. We are also looking to code the contract with an implementation delay allowing investors and the community proper notification of any changes to the withdrawal limits. By doing so investors don't have to worry when the lock time has expired, there shouldn't be any fearful dumps and trading can continue without any concerns. Additionally a later feature we add will include a multi sig wallet to prevent any one person from withdrawing funds from the liquidity wallet. Understand, funds in the liquidity wallet are investor funds and should NEVER be touched without the community approval. The purpose of any withdrawal should get fully disclosed and used for that purpose only. One last point on safety, because we intend to have numerous staking pools running it tends to support a long standing presence in the crypto community. Staking is not a fast process and requires time. And all good things come to those who wait. While on the point of longevity, and safe investments, we would like to note that Crypto Burn is likely to become a launch vehicle for a much bigger L1 project hopefully in the near future. However, Crypto Burn is at the very beginning of its adventure with many more upgrades, programs, offers, raffles, auctions, prizes and giveaways to come. Stay tuned as this is the first of many posts to come as we come ever closer to deployment and the beginning of trading. Thank you for stopping by and taking the time to become familiar with this project. We look forward to working together in the coming days as a community. Crypto Burn Prime.
