Available on Uniswap: https://uniswap.io
How it works
Ethereum ERC20 (Burni) coins are used to mint non-fungible ERC721 (Burnin) tokens through a decentralized blockchain Smart Contract. In the process, 97.5% of the original cryptocurrency is destroyed, leaving just 2.5% spared as the Burni is transmuted into a new NFT digital asset.
This makes Burni a deflationary cryptocurrency with unique cryptoeconomic properties, while providing non-fungible Burnin tokens an inherent value.
The total Burni sent to the Burnin smart contract is used to forge a single token. Since multiple coins cannot be forged simultaneously, Ether is infused into the cost of production.
An immutable content identifier multihash can be set a single time for a token, wrapping the underlying asset, collectible, or artwork inside the token. Post-minting, the following 5 block hashes are concatenated with a prefix and token ID to create a pseudorandom genesis hash for use in collectible attribute definitions.
Ready to get started?
Burni (ERC20) contract address:
Burnin (ERC721) contract address:
Visit website: https://burni.co