Buyback and Burn
One of the most exciting features of MatrixGPT is the deflation mechanism of a token burn system.
The Burning will only remove a certain amount of tokens from circulation whenever a certain trade volume (buys and sells) has been reached. It can be monitored by the public in real-time.
Part of the profits and utility fees will be used to buy back the tokens and burn them, preventing the token price from being dumped. Specifically, a 0.5% cut of the 1% Sell Tax is used to BUY BACK and BURN. This crucial knot has a place in our Anti-Dump plan.