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Deflationary Token is a smart contract designed for a token that implements a burning mechanism. Every time the token is transferred, a percentage of the total supply is burned, reducing its overall supply over time. This feature aims to create scarcity and potentially increase the token's value. Additionally, the contract includes functions for bu

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MohsinAliSolangi/Deflationary_Token

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Deflationary Token

Overview

Deflationary Token is a smart contract designed for a token that implements a burning mechanism. Every time the token is transferred, a percentage of the total supply is burned, reducing its overall supply over time. This feature aims to create scarcity and potentially increase the token's value. Additionally, the contract includes functions for buying and selling tokens on a native platform.

Features

  • Burn Mechanism: Automatically burns a percentage of tokens on every transfer.
  • Buy/Sell Functionality: Users can buy and sell tokens directly on the platform.
  • Easy Integration: Designed for seamless integration into existing decentralized applications.

Smart Contract Functions

  • transfer(): Allows users to transfer tokens while automatically burning a specified percentage.
  • buy(): Enables users to purchase tokens.
  • sell(): Allows users to sell their tokens.

Getting Started

Prerequisites

  • Node.js and npm installed.
  • A Solidity-compatible development environment (e.g., Remix, Truffle, or Hardhat).

Installation

  1. Clone the repository:
    git clone https://github.com/MohsinAliSolangi/Deflationary_Token.git
    cd Deflationary_Token
  2. Install dependencies:
    npm install
  3. Deploy the smart contract to your desired blockchain network.

Usage

  • To interact with the token, use the provided smart contract functions through a web3 provider or integrate into your DApp.

License

This project is licensed under the MIT License.

🚀 Contact

For any questions, feedback, or inquiries, feel free to reach out to Mohsin Ali Solangi. You can connect via the following platforms:

🌐 Linktree: Mohsin Ali Solangi

🔗 LinkedIn: Mohsin Ali Solangi

Looking forward to hearing from you! 😄

About

Deflationary Token is a smart contract designed for a token that implements a burning mechanism. Every time the token is transferred, a percentage of the total supply is burned, reducing its overall supply over time. This feature aims to create scarcity and potentially increase the token's value. Additionally, the contract includes functions for bu

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