⬇️Deflationary

EverEarn is a deflationary token, meaning that it burns tokens on a regular basis to apply deflationary pressure to the token supply, while applying inflationary pressure to the stablecoin rewards payouts. EverEarn currently strives to maintain an average burn rate of approximately 20 million $EARN tokens a week. All $EARN tokens bought with buyback funding are sent to the public ‘dead’ wallet, forever removing them from circulation. The number of burned tokens will remain mirrored across all chains. 1% of every buy, sell and transfer transaction* is held in reserve specifically to buyback $EARN tokens. A portion of the buyback funds are used to buy $EARN from the chart and burned weekly. A remaining portion Is held in reserve to be able to perform larger buys and burns for a later date when needed. ‘SolarFlare’ is the name of the process used by EverEarn when executing ‘large’ buybacks, which allow for immediate positive counterbalance to sudden price chart changes, and prevent price manipulation. *After the migration of $EARN ETH to v2, taxes on $EARN token transfers will be eliminated on all blockchains.