Can you summarise this article "NAME_1 breakdown for memecoins
Just recently, we’ve seen a wave of meme lords aping into meme tokens such as Safemoon, Ass Finance, Hoge Finance & Sanshu Inu.
What do those tokens all have in common, making them look so attractive to people with an IQ below 50? It’s their burn & redistribution mechanism!
Some even take a liquidity fee to allegedly increase the liquidity pool. Let’s take a dive into how that shit works, why most projects are not keeping their promise, and why NAME_1 is superior to all of them.
Burn fee, distribution fee & liquidity fee — What’s this shit about?
With every transaction on the token, a certain percentage fee is taken from the transaction amount. This fee is usually made up of a burning fee, a distribution fee, or a liquidity fee. Sometimes even all of them.
The Burn fee:
A certain % of the transaction amount is taken as a fee and sent to the burn wallet: (e.g. 0x0000000000000000000000000000000000000000).
Since nobody has access to that wallet, the tokens are lost forever and reduce the supply. You’ll understand that this is good for the token holders as a reducing token supply supports a price increase.
The more transactions occur, the more tokens are burned. Deflationary stuff is good for your wallet.
The distribution fee:
A certain % of the transaction amount is taken as a fee. But this time, instead of burning those tokens, they are distributed amongst token holders weighted by their token holdings.
This is a great incentive to hold the toke