CWIF Token Economics

Learn more about $CWIF's 4% auto-burn per on-chain transaction.

$CWIF employs Solana Token Extensions for a unique 4% auto-burn per on-chain transaction. This mechanism was built into the start of the contract to reduce the supply of Catwifhat $CWIF over time.

$CWIF's decentralized approach to burning tokens ensures a consistent 4% reduction from every on-chain transaction, with no authority behind the burn. This means that every DEX buy, DEX sell, and wallet transfer experiences a 4% fee, taken out from $CWIF's circulation forever. Unlike traditional methods that utilize a single burn wallet, $CWIF's burn mechanism keeps the burned tokens across all wallets that interact with $CWIF.

The burn methodology leverages Solana Token Extensions' advanced capabilities to create an efficient and transparent burn process, reinforcing the token’s decentralized and deflationary nature. This 4% fee mechanism is designed to gradually increase each holder's percentage of the circulating supply owned as more transactions take place.

Disclaimer: All burns come at the cost of a 4% burn fee to the user on every wallet transfer, and the deflationary nature of $CWIF does not mean that its price will rise.

(page last updated June 14, 2024)