MUM-MaxumDetailed Description

MUM-Maxum Detailed Description

Maxim is a deflationary token. Each transaction burns 2% of its output, and the burn rate rises as more coins are destroyed. For any transaction on Maxum, the smart contract burns 2% of the transaction amount. As more tokens are destroyed, the burn rate rises, making Maxum more scarce with each transaction. You can think of Maxum's different burn levels in the same way that Bitcoin's halving event works, both of which have scarcity as part of their economics.