Burning

The /burn command allows you to burn a specific amount of tokens, reducing their supply and potentially increasing the value. This feature is a great way to make your communitiy contribute to deflationary mechanisms, all directly within Telegram.

How It Works:

1. Command Format:
   /burn <amount> <ticker>

   • Replace <amount> with the number of tokens you want to burn.
   • Replace <ticker> with the token symbol (e.g., SOL, any SPL, etc.).

2. Example:
   To burn 100 $TIPFLOW tokens:
   /burn 100 TIPFLOW

3. Executing a Burn:
   Once you use the command, the bot will process the transaction and burn the specified amount of tokens from your TipWallet. The burn will be recorded on-chain, and a confirmation message will be sent to the group to notify the community.

Key Features:

• Leaderboard: The bot keeps track of the top burners and displays them in the ranking leaderboard.
• Deflationary Impact: Burning tokens reduces their supply, contributing to scarcity and supporting tokenomics strategies.
• Transparency: Every burn is recorded on-chain, ensuring clear accountability.
• Community Support: Engage your community by showcasing token burns as part of your project’s growth strategy.