# Token burning

🔥 Burning is the removal of a given number of coins from circulation.

🛡 When burning, the total supply decreases. Buying or burning contributes to a rise in the asset's rate. In the long term, this may allow the formation of an additional price increase. Buying or burning contributes to an abrupt increase in the asset's price. In the long term, this allows to create an additional price increase.

In pools with the NMX token, the trading commission is 0.3%. Commission in other pools is 0.1%. **(NOT ACTUAL NOW)** Once a day, the withheld commission in NMX tokens will be burned. For burning, tokens are sent to [this address](https://bscscan.com/token/0x000000000000000000000000000000000000dead).

<figure><img src="https://234688436-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FARKoYnxLWZJHNZFXp2r2%2Fuploads%2FrTiutPP0ml2sPd8ZAStI%2FScreenshot%202022-08-03%20at%2015.48.18.png?alt=media&#x26;token=99679934-1a3c-4d62-83e7-b708e125bdab" alt=""><figcaption></figcaption></figure>

**(NOT ACTUAL NOW)🔥 Starting from 15th September, we are burning the 100% swap commission** **of the following pairs:** WBNB/USDT, WBNB/BUSD, BTCB/USDT, ETH/WBNB, ETH/USDT, BTCB/WBNB, DOGE/USDT, USDT/BUSD, MATIC/USDT. We will introduce the burning for all other pools a couple of days later.

This is a temporary measure taken by our team to support the price. 100% burning of the commissions – represents 0.07% of the total trading volume. 0.03% of trading volumes still are being paid to liquidity providers.

## **Join the OFFICIAL social media of Nomiswap** ⬇

**💬 TG Chat Nomiswap (DEX):**[ ](https://t.me/nomiswap/)[**https://t.me/nomi\_swap**](https://t.me/nomi_swap)\
**💬 TG Chat Nominex (CEX):**[ ](https://t.me/nomiswap/)[**https://t.me/NominexExchange**](https://t.me/NominexExchange)

**📣 News Channel Nomiswap (DEX):**[ ](https://t.me/biswap_news)[**https://t.me/nomiswap\_news2**](https://t.me/nomiswap_news2)\
**📣 News Channel Nominex (CEX):**[ ](https://t.me/biswap_news)[**https://t.me/nominex\_announcements**](https://t.me/nominex_announcements)\
\
**🕊️ Twitter:**[ ](https://twitter.com/Biswap_DEX)[**https://twitter.com/Nomiswap**](https://twitter.com/Nomiswap)

**✅ Official Nomiswap (DEX) website:** [**https://nomiswap.io**](https://nomiswap.io/?utm_source=gitbook)\
**✅ Official Nominex (CEX) website:** [**https://nominex.io**](https://nominex.io/?utm_source=nomiswap-gitbook)\
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🤖**NMX price update TG bot:** [**https://t.me/nmx\_price\_bot**](https://t.me/nmx_price_bot)

### **Nomiswap/Nominex local chats:**

🇧🇾🇺🇦 СНГ 🇰🇿🇷🇺🇦🇿: [ ](https://t.me/NominexRussian)[**https://t.me/NominexRussian**](https://t.me/NominexRussian)

🇪🇸**Spanish chat** 🇪🇸: [**https://t.me/NominexSpanish**](https://t.me/NominexSpanish)

🇹🇷**Turkish chat** 🇹�&#xDDF7;**:** [**https://t.me/NominexTurkish**](https://t.me/NominexTurkish)



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**Watch out for fake accounts! The Nomiswap team will never text you first and ask for private keys or individual information!**
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