Deflationary Solidity Token

Welcome to the Deflationary Solidity Token project, an educational exploration into the mechanics of tokenomics on the Ethereum blockchain. This smart contract implements a simple, ERC20-like token with a unique deflationary feature: a percentage of each transaction is permanently removed from circulation.

Core Concept: Burn-on-Transfer

The central feature of this token is its deflationary mechanism. With every transfer of tokens from one address to another, a fixed 1% of the amount is "burned." This means the tokens are sent to an irrecoverable address, effectively destroying them and reducing the total supply forever. This process is designed to create scarcity over time, which can potentially impact the token's value.

Technical Details

• Language: The smart contract is written in Solidity, the primary language for developing on the Ethereum platform.

• ERC20-like: While not a fully compliant ERC20 token, it incorporates standard functions like transfer(), balanceOf(), and totalSupply() for basic interoperability with wallets and other services.

• Purpose: This contract was created strictly for educational and experimental use on blockchain testnets. It serves as a practical example of how custom tokenomics can be implemented in a smart contract.

Disclaimer: This smart contract has not been professionally audited and should not be deployed on a mainnet with real funds.

This project is vibecoded.