Burny Finance WhitePaper
By: Burny Finance
Tags: Bernie Sanders, Cryptocurrency, Art, Blockchain Technology, Philanthropy

Introduction

As the crypto market has been on a massive bull run since the beginning of the year, so has there been a rise in new DEFI projects. Blockchain is taking over the world rampantly as we are in an evolutionary phase — the new internet is here, and it’s here to stay.

Source: Payments Journal

With an influx of coins and tokens hitting various blockchains, there have been a diverse amount of projects that are positively impacting the space. There are also other projects that have been developed that delegitimize the progress of cryptocurrencies, limiting potential for mass adoption.

Getting in on the ground floor of any project is difficult and it’s much more difficult to prevent these early adopters from dumping early investments, which often yield a solid ROI in the beginning. With these thoughts in mind, we developed a cryptocurrency that aims to discourage dumping and encourage hodling for the long-term.

Burny Finance is a philanthropic, deflationary token for the people. As a long-time U.S. Politician, Senator Sanders has often been criticized for his progressive ideals. We decided to incorporate some in our smart contract.The contract includes taxes contributing to transactional burns and a re-distribution to a charity wallet, solely used for philanthropic endeavors. So while you are purchasing a deflationary token, you’re also contributing to a charitable cause.

We launched on the Ethereum Network, with Uniswap as our DEX of choice. While gas fees can be troublesome, there has been an increased fear of rug pulls on the Binance Smart Chain network, thus why we elected to launch on Ethereum.

Source: Wikipedia

Tokenomics

Burny Finance launched on April 7, 2021 with 1 trillion BURNY tokens minted at genesis.

5% of supply was issued to support marketing endeavors

of supply was issued to support marketing endeavors 32% to initial Liquidity Providers, the rest was added to a liquidity pool on Uniswap, locked on Unicrypt.

to initial Liquidity Providers, the rest was added to a liquidity pool on Uniswap, locked on Unicrypt. 5% of each transaction is redirected to the charity wallet, and 15% of each transaction is burned.

of each transaction is redirected to the charity wallet, and 15% of each transaction is burned. Burns will occur until 80% of the initial supply is burned (200 Billion Tokens remaining).

Note: Due to the burn that occur on your transaction, this offsets the charitable distribution with a rise in price floor. As supply decreases, price increases.

Example of a 1,000,000 buy OR sell (you should HODL though….)

Transaction Amount: 1,000,000

Burned Tokens: Transaction Amount * 0.15 = 150,000

Charity Donation: Transaction Amount * 0.05 = 50,000

Tokens Received or Returned to Supply: 800,000

Roadmap — Going Forward (As of 4/10/2021)

As of April 10th, 2021, we conducted our first charity event. We will post those details soon. In the future we will announce more details on future endeavors.

Redesign Website and grow Social Media platforms

Community Growth/Marketing/Contests

Planning Future Charity Events

NFTs

Launch Reddit Board

Launch Youtube Channel (Completed)

Launch Twitter (Completed)

Launch Instagram (Completed)

CoinMarketCap, CoinGecko, and CoinPaprika listing applications (Completed)

Concluding Statements

Thank you for taking the time to read this whitepaper. We welcome you to our wonderful community. If you’d like to contribute to our mission, join us on telegram and contact an admin.

Talk soon!

Burny Finance

Join our Telegram for Discussion — https://t.me/burnyfinancetoken

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Audit — https://solidity.finance/audits/Burny/

Swap Link — app.uniswap.org/#/swap?outputCurrency=0xFEF62A8586480f794b7E6a869a9937F97f88205A