Burn Mechanism

There will be a transaction fee during staking which will then be used to buyback BOAT tokens. The current transaction fee is set at 4%. We will review the price of BOAT and see if we should increase or decrease the fee.

All burning fee (75% of the 4%) will be used to buyback BOAT and burnt before the lottery is released

Burn:

• 75% of the 4% fee will be used to buyback and burn BOAT

• 25% of the 4% fee will be sent to the developer’s address

• The current burn is done manually to stabilize the price when massive dumps happens as we are trying to promote long term yield farming instead of pump and dump