# Fire Pit

1% from buy and 1% sell of all $HGT traded are burnt in The Bonfire (send to a dead wallet)\
\
**The Fire Pit Address:** 0x0000000000000000000000000000000000000000 **\[this is a dead wallet]**<br>

## What does it mean? <a href="#id-1a2d" id="id-1a2d"></a>

This is an operation that consists of removing circulating tokens from a cryptocurrency by “burning” them.

The burn is used to support the supply of the project, we decided to innovate this principle when we started our Automatic Burn program.

Burning a token means removing it from circulation, which reduces the number of coins in circulation. This mechanism is used to prime a new coin or introduce scarcity, which causes the value of the coin to increase.

Burning of tokens can be done in two ways:

* Manually send it to an unowned BSC address, called an “eater” or “burner” address.
* Or more efficiently, create a contract that is unable to spend it.

In both cases, the burned tokens are unusable.&#x20;