An incredible 30% token burn has seen Burn Kenny ($KENNY) become the biggest name on the lips of meme coin buyers across Web3 ahead of its ICO launch this week.
The newly launched Burn Kenny ($KENNY) has become one of the most talked about projects in the space as it follows in the footsteps of another South Park-themed token, Mr Hankey Coin.
Not only did $HANKEY sell out its presale in just 10 hours, it then went on to pump nearly 200% after reaching exchanges.
KENNY may well go one better and is shaping up to beat that record and sell out in even quicker time.
Excitement Grows Over Burn Potential
Token burns have long been an extremely effective method of increasing prices, sparking pumps and increasing the long-term health of a coin.
The likes of Shiba Inu, Cronos, and Luna Classic have all employed token burns that had hugely successful impacts on their projects, and Burn Kenny is the latest to employ a significant burn.
While LUNC, for example, has burned only 1% of its massive token supply, KENNY is set to burn 30% of its tokens.
Furthermore, that burn will take place over just three days – which could see incredible volume and interest as buyers rush to secure their tokens.
The total supply is 6,666,666,666 tokens, but 2 billion of those will be removed in 72 hours, with Burn Kenny to remove 10% per day for the first three days after launching on a decentralized exchange.
This could not only spark FOMO from other investors but also incentivizes holding – with buyers holding onto tokens for longer, knowing a price jump is possibly coming.
Discreet ICO Could Sell Out in Hours
Burn Kenny has followed in the footsteps of another shitcoin, Mr. Hankey Coin, to offer a discreet ICO launch that will bring several benefits to the project as a whole.
Expected on Thursday, July 20, the ICO is rumored to be starting at 6 pm CET – however, buyers will need to follow the project’s social media channels (below) to get an exact time of the launch.
That secret launch has sparked yet more buyer interest, while the ICO has a small hard cap of just $500k and a fixed price of $0.0001875.
This small price, with no minimum or maximum investment, makes it open to all and also stops early adopters from dumping on latecomers – something that has been seen in multiple presales in recent times.
HANKEY sold out in just 10 hours but KENNY could go one better given its robust burn, something that Mr Hankey Coin did not offer.
The presale will offer 2,666,666,666 tokens (40% of supply) with the final 30% set aside for liquidity.
This large amount of liquidity will ensure that all trades are met and should ensure high trading volume – liquidity is also locked meaning there is no chance of a rug pull or pump-and-dump.
The Burn Kenny token has been developed by an anonymous group but they are extremely well placed in Web3 with long experience of success and connections in multiple alpha investment groups and with exchanges.
KENNY has also already caught the attention of token analysts and traders on YouTube, with one describing it as a ‘rocket ship’.
For more information on the project, read through the whitepaper – tokens can be purchased on burnkenny.vip with ETH or USDT.
Follow the Twitter page and join the Telegram group to get the exact times on the launch and the latest news on the project.
Visit Burn Kenny
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