Everburn (EVB)

Everburn is a hyper-deflationary reflection token rapidly reducing supply with every buy and sale. The burn process is percentage-based, so the burn rate slows as supply decreases, and each holder’s percentage share of the total supply increases. This deflation mechanism dynamically determines the amount of reward token (currently USDT) the smart contract reflects holders in real-time with each sale.

A common challenge for reflection tokens is long-term sustainability, which requires consistent trading volume to maintain relevance. When trading volume drops, many holders sell their tokens and abandon the project. Additionally, there is no correlation between the trading volume that generates reflection rewards and the token’s speculative spot price; they operate independently, often leading to the token’s decline.

This is where Everburn offers a solution. Its burn mechanics create buy pressure as the supply quickly diminishes. Because the reflection tax is only applied on the sell side, it discourages sell pressure, benefiting holders when others sell. The primary focus is reducing supply, with USDT reflections as a secondary benefit of this approach.