🔥BurnBack Feature

Long-Term Sustainability: Deflationary burning, incentivized staking, and a hard-capped token supply of 21 million BID (paying tribute to Bitcoin's proven model) reinforce BidCoin’s staying power.

10.1 Mechanics

• Flat 5% Return on Burned BID: When users burn BID tokens (e.g., for free bids during FOMO), they receive 5% of those tokens back.

• Deflationary Benefit: 100 % of the burned tokens are permanently removed from circulation.

10.2 Deflationary Incentive

• Reduced Supply: As tokens are burned, total BID supply constricts, supporting long-term token value.

• Enhanced Engagement: Users have a direct incentive to burn tokens for free bids—using fewer tokens while fueling competition.

10.3 Strategic Depth

• Pre-Reserve: Users accumulate BID tokens (2X reward) that can later be burned strategically.

• FOMO Mode: With 1X rewards, the advantage of burning tokens becomes critical for getting free bids in last-minute battles.

In FOMO mode, bidders can burn their BID tokens to obtain free bids. As an added incentive.

10.4 Summary

5% Return on Burned Tokens: Users receive 5% of their burned tokens back, effectively reducing net token consumption while still promoting deflation.

Deflationary Mechanic: Since 100% of the burned tokens are permanently removed from circulation, the overall supply diminishes over time, contributing to long-term token scarcity. Combined with staking rewards, which further incentivizes holding tokens, this deflationary mechanism aims to create a sustainable and valuable ecosystem.