$Proof of Burn

What is Proof of Burn ($PROOF)? $PROOF represents a new way of incentivizing decentralized finance, functioning as an alternative to traditional proof-of-work systems like Bitcoin mining. Rather than running energy intensive miners, Proof of Burn motivates $CAVIAR holders to make the ecosystem hyper-deflationary by owning and trading $PROOF. The smart contract is immutable, with no admin keys, making it truly decentralized and secure. The protocol is designed to enhance scarcity and increase demand for $CAVIAR, which has a fixed supply of just 21 million tokens. Every $PROOF purchase incurs a 2.5% tax that automatically buys and burns $CAVIAR, reducing its supply while simultaneously raising its demand. This buy pressure creates a deflationary effect, driving up the value of $CAVIAR tokens over time. Selling $PROOF comes with a 5% tax that rewards holders directly in $CAVIAR, making it more rewarding to stay invested in the ecosystem. The combination of automatic buy-backs, burning mechanisms, and $CAVIAR rewards adds a layer of continuous growth and scarcity, fueling a cycle of deflation and reward without human intervention. $PROOF was airdropped for free to $CAVIAR, $JEET, and $NOEX holders, encouraging community participation while providing a unique alternative to the costly traditional mining processes. It’s a real DeFi solution that automates growth with trustless, autonomous smart contracts, reshaping the future of yield generation and deflation.