Yes, the currency has a strong and continuous burn mechanism, designed to be "deflationary" (i.e., it reduces the number of coins available over time).
Known burn mechanisms:
1. Automatic burn with each transaction (Transaction Burn)
Every purchase or sale includes a fee, part of which is used to burn a portion of the currency, gradually reducing the supply.
2. Burning unclaimed tokens or those returned to exchanges (Dead Address Burns)
Unclaimed tokens from the "airdrop" phase or held in inactive addresses are automatically burned to clean up the supply.
3. Large-scale daily burn (Hyper-Deflationary Burn)
According to some sources in Binance Square, about 7 trillion tokens are burned daily, which could increase to about 2 quadrillion annually!
4. Converting exchange fees into buybacks and tokens are burned (Buyback and Burn)
One source indicates that part of the fees is converted to buy tokens from the market and then burned, providing additional support for the burn mechanism.
5. Distribution details from Binance Square
It indicates that the project continuously burns from its supply and that the burn mechanism is open and unlimited (infinite burn mechanism).
A digital glimpse into the supply and burn:
Current Supply (Circulating Supply): approximately 13.7 quadrillion JAGER.
Maximum Supply (Max Supply): approximately 14.6 quadrillion JAGER.
According to a report from CyberScope, about 10.2% of the supply has disappeared or been burned, equivalent to approximately 1.4 quadrillion coins.
