Burning

Currently, 20% of all opening and closing trade fees are directed to the SRG treasury vault. These funds are used to buy back and burn the SRG token, diminishing its supply over time.

The SRG fee vault address is as follows:

SRG Treasury Vault: component_rdx1czwd96pvxsuy2ydd25fulz242x36h257thn45tscp4rkxkrfy99958

The ability to burn the SRG token is coded into the tokens attributes. Whilst the platform is in it's infancy, the SRG vault will accrue fees and be periodically utilised for a buy back and burn of the SRG token. Surge displays the balance of the SRG treasury vault in real-time on the site and enables anybody from the community to initiate the burn via the UI for the sUSD in the treasury.

Example of the burning mechanism