ETHERBURN (ETB) is a self-destructing token and community-based currency. The ETB token is an ERC-20 standard-based Ethereum token. We issued a fixed amount of 500,000 ETB tokens (Ethereum ERC-20 token with 8 decimal places, smart contract: https://etherscan.io/token/0x3c1cc2ddab67ddc52a151c64478a31a2aad2b480 ). Every time ETB is transferred, 2% of the transaction is destroyed. That means the recipient will only get 98% of the total transactions, so each transaction made will reduce global supply.
Every ETB token destroyed is a deflationary measure helping to increase the token value and retain the confidence of the token holders. When reduces the supply of a ETB token, makes it’s value raise. Destroying tokens then make the remaining ones very valuable. No new tokens will be created or mined.
For more information about Etherburn (ETB) please visite etherburn.net