USE is a deflationary token launched with approximately 707 million tokens in circulation. Instead of relying on a burn wallet, tokens are completely removed from circulation when USE is burned.
USE has a static 3% token tax that is imposed on all buys, sells, and transfers on the Harmony (ONE) network. Of this tax, 1/3 is used for token marketing, 1/3 is used for on-chain rewards, and 1/3 is sent to the decentralized Furnace protocol. Based on the health of the liquidity, the Furnace will either pair liquidity, buyback, and/or burn — making USE the first token with a decentralized, auto-stabilizing protocol to manage its liquidity pool.
USE tokens bridged to other networks have the symbol 1USE and do not incur taxation (0% tax).