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The BVLT token is a Binance smart chain (BSC) deflationary token. Binance smart chain (BSC) was developed as a means of utilizing solidity-based smart contracts with much greater speed and efficiency than other, competing chains. With decentralized exchanges on BSC offering lightning fast swaps and extremely low fees, BSC has started to become one of the most widely used block-chains for decentralized finance (Defi). BSC uses a token protocol developed by the Binance team called BEP-20. The BVLT tokens deflationary nature means that each time a transaction occurs using a deflationary token a percentage of the tokens used in the transactions are destroyed permanently. This function is constantly at work removing tokens from the total available supply. Over time, this action works to help increase the value of each token dramatically as it increases the scarcity of tokens.
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