At Charly Token, we believe in creating real value for our holders — not just hype. One of the core deflationary features built into our smart contract is the Burn Reserve Mechanism, a carefully designed strategy to reduce total supply and reward long-term holders. Here’s how it works.
💡 What Is the Burn Reserve?
When the Charly Token smart contract is deployed, 5% of the total token supply is automatically sent to a dedicated Burn Reserve Contract. This reserve is not meant for trading, staking, or marketing. Its sole purpose? To be burned. Permanently.
🧠 How It Works
- Initial Allocation:
- Upon deployment, 50,000,000 CHA tokens (5% of total supply) are locked in the burn reserve.
- Holder Tracking:
- The contract continuously tracks unique holders — that is, wallet addresses that hold a positive CHA balance.
- Trigger Condition:
- Once the number of unique holders reaches 500, the Burn Reserve Contract becomes eligible to activate its burn function.
- Burn Execution:
- The burn function, when called, permanently destroys all tokens held in the reserve, reducing the total supply forever.
🔥 Why It Matters
- Increased Scarcity:
By removing 5% of the supply permanently, each remaining token becomes more scarce — and potentially more valuable. - Holder-Driven Burn:
This isn’t a time-based burn or a developer-controlled burn. It’s community-triggered. The burn can only happen if there’s real adoption — 500 or more real, active wallets. - Long-Term Focus:
This aligns perfectly with our vision of long-term value and decentralized ownership. It rewards growth, engagement, and holder loyalty.
💬 Final Thoughts
The Burn Reserve Mechanism is more than just a technical feature — it’s a statement. It shows our commitment to sustainable tokenomics, fair distribution, and community value.
Whether you’re a casual holder or a long-term believer, the burn reserve ensures that as our community grows, so does the potential value of your CHA tokens.