# Burn Mechanism

  

![](https://559327128-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-Mbe9Pt4ZchdGZ8EJscX%2F-McA7-R6v-ZVs8KAUCtz%2F-McA7Lx5XHvV49cQokK6%2Fz2552764364396_44b46a87eba959fb278767bd55eb9d28.jpg?alt=media\&token=4b25072b-ee01-46f0-843b-d471f9b1455f)

According to our tokenomics design, each transfer must pay a 5% transfer tax. The 2% transfer tax will be burned (sent to the black hole address) immediately.

Black Hole Address: [0x000000000000000000000000000000000000dEaD](https://bscscan.com/token/0xcc9a0be2c3069da1d7d361aa15e8f4664f007c95?a=0x000000000000000000000000000000000000dEaD)

{% hint style="info" %}
Update 1: we [burned 500.000 SHM](https://bscscan.com/tx/0xd70bd556da5f333f7f3169ca5e793e102679f187b6f1f5e422c5e79f2e4e8727) 
{% endhint %}