Our LAY3R launch marks the beginning of a new journey for AutoLayer, and we’re hitting the ground running so we can be ready for what’s ahead. As a show of appreciation for our loyal HODLERS, we are rolling out ‘The Burning Cycle.’ So what exactly is this?
Essentially, the AutoLayer Foundation will burn up to 10% of our token supply through various initiatives with the intention of adding even more value to our community.
Here’s what you need to know:
We are about to deploy a new structure where every transaction on our app includes a 0.25% fee:
🔹 0.1% is used to buy $LAY3R from the market, its counterpart, from an LP token and then burn the LP token (reducing supply)
🔹 0.15% is used to buy $LAY3R, which is directly rewarded to users.
With this, we can ensure $LAY3R’s liquidity on DEXs stays deep while also reducing supply.
Alongside this, the first of our token-burning initiatives will be the “Burn Baby Burn” campaign. Starting today, all RTs and likes on our posts will burn one $LAY3R up to 3 million. In addition, we will also burn all unsold tokens from our IDOs, reducing the supply to just over 1.5M $LAY3R tokens.
We still have more initiatives to ensure LAY3R is here to stay for the future, so watch out for them. You can follow all our social media outlets to stay updated with the latest AutoLayer information.
About AutoLayer
AutoLayer is the largest restaking marketplace with advanced risk-reward analytics, points management, and structured products. Hosting a full suite of LRTs, LSTs, and other 1-click products that users can restake into, AutoLayer offers more than 20 different assets, including Bitcoin and Ethereum restaking.
