I have an issue I need help on with the burn function of my contract. For example, if my token has a total supply of 5000 and It starts burning each transaction by 10% until it hits 3500 supply then increases burn on transactions to 20% until the supply is 2000 then finally increasing the burn per t…

Write logic in the transfer and transferFrom, in your case, maybe just like if (totalSupply <= 5000 && totalSupply > 3500) { doBurnByTenPer() } else if (totalSupply <= 3500 && totalSupply > 2000) { doBurnByTwentyPer() } else if (totalSupply <= 2000 && totalSupply > 500) { doBurnByThirty…

Hi @RC5858 , Welcome to the community. :wave: I recommend looking at the following too: [image] Add commission to ERC20 transfer Contracts Yeah, of course, you can. And at the same time, it will bring some issues, warning If you create a fee on transfer or deflationary …

Thankyou both of you for the input. I wasn’t aware of the risks to making a deflationary token. How are devs getting around this currently? Obviously doing my research on that part now that you brought it to my attention.

Hi @RC5858 , I don’t know how developers of deflationary tokens are dealing with these issues. Feel free to share what research you find. Though I would be very cautious with deflationary tokens and have appropriate system testing on all services that you plan to use and appropriate auditing.

Hello, do this issue is still occurring? So the way to go is to make a token without those transfer fees? Thanks a lot.

ERC20 Burn on transfer (deflationary token)

Support Contracts

abcoathup November 9, 2020, 6:59am 3

Hi @RC5858,

Welcome to the community.

I recommend looking at the following too:

1 Like

Topic		Replies	Views
How to burn tokens on every transfer? Support	7	2457	December 30, 2020
Will burning a percentage of the amount transferred for an ERC20 token cause issues? Contracts erc20	3	1881	September 15, 2020
How do I burn the token with each transfer? Deflationary Token Support	3	710	May 11, 2021
Create deflationary ERC20 token Contracts	3	7547	April 23, 2021
Turn on deflationary functionality after a specific transaction Support	7	3747	October 14, 2020

ERC20 Burn on transfer (deflationary token)

Related topics