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Auto Fire Pit
3% of all $ES2 transactions are burnt in Auto Fire Pit. The more volume traded, the more that gets sent into the burn causing the fire pit to grow ever larger in size, via the self fulfilling Auto-Compounding mechanism. This results in the auto reduction in the circulating supply, while simultaneously keeping the ES2 protocol more stable.
The other benefit of an everlasting burn of the circulating supply, is its deflationary nature. It provides a stabilizing force to assist in maintaining the value of each $ES2 token, the end goal being an increase in the value of each token remaining in circulation.
Unlike most of our competitors, our mechanism automatically sends the tokens to the burn wallet instead of being stored in individual wallets controlled only by the owner.