With the rise of community-led deflationary tokens, many communities have self-organized "burn events". The burn event uses the community's social networks to organize large groups of token holders to voluntarily send some of their tokens to a burn wallet address.

The organization is time-consuming, difficult to track, and not on the blockchain or automated.

There have also been a lot of examples where token burn was used as an excuse to deceive investors. Developers can claim to burn tokens when they're actually sending those tokens to a wallet they control.

The decentralised multi-chain community burn party platform will solve these issues, while creating a central hub for a community to support their token of choice.

For more details about the platform, see our litepaper.

Burn Party is fully audited by Vidma and integrates with Chainlink Keeper Network to ensure automatic burning of tokens.