Burning Books


Burning Books is a core mechanic of the Book of Binance ecosystem. By burning $BOOK tokens in the current chapter, you directly influence how the farming rewards will be distributed in the next chapter—fostering a true community-driven approach to reward allocation.


1. Overview

  • Chapter-Based Emissions: The Book of Binance operates in sequential chapters, each defining the emission rates (rewards) for the protocol’s farms.

  • Burn to Influence: When you burn $BOOK during the current chapter (e.g., Chapter 0), you earn proportional control over reward emissions in the following chapter (e.g., Chapter 1).

  • Farm Allocation: The total amount of $BOOK burned per farm pool acts like a “vote” for how much of the next chapter’s rewards that pool will receive.


2. Key Mechanics

  1. Chapter Timeline

    • The protocol runs on a cycle of chapters (e.g., Chapter 0, Chapter 1, Chapter 2, etc.).

    • Each chapter lasts exactly 7 days. Chapters turn over each Thursday at 18:00 UTC

  2. Burning Process

    • Users burn $BOOK directly via the "BurningBooks" contract. Once burned, those tokens are permanently removed from circulation.

    • You choose which farm you’re allocating your burned tokens toward, effectively “voting” for that farm’s share of the next chapter’s emission pool.

  3. Proportional Voting

    • The total burned tokens across all farms are tallied at the end of the chapter.

    • If Farm A receives 50% of all burned tokens (across the entire protocol in Chapter 0), it will earn 50% of the total farming rewards in Chapter 1.

  4. Supply Reduction

    • Because burning permanently removes tokens from circulation, the overall $BOOK supply decreases over time.

    • A lower supply can, in theory, support the token’s value, benefiting the entire community of holders.


3. Example: Chapter 0 → Chapter 1

  1. Current Chapter (Chapter 0)

    • Community members decide how to distribute next chapter’s rewards by burning $BOOK during this period.

  2. User Actions

    • Alice decides she wants the “Cake Farm” to get the largest share of the next chapter’s emissions.

    • She burns 1,000 $BOOK on behalf of the CAKE Farm.

    • Other users do the same for the farms they favor—some might burn $BOOK for the MSS Farm, others for the DRIP Farm, and so on.

  3. Tallied Burns

    • At the end of Chapter 0, the protocol calculates the total $BOOK burned for each farm.

    • Suppose:

      • CAKE Farm → 3,000 $BOOK burned (50% of total burns)

      • MSS Farm → 1,500 $BOOK burned (25%)

      • DRIP Farm → 1,500 $BOOK burned (25%)

  4. Emission Distribution in Chapter 1

    • CAKE Farm receives 50% of the new $BOOK rewards.

    • MSS Farm and DRIP Farm each receive 25% of the new $BOOK rewards.

    • Users who farm in these pools during Chapter 1 will see farm rewards based on this distribution.


4. Why Burn Your $BOOK?

  1. Influence Reward Allocation By burning tokens, you have a direct say in which farms get the lion’s share of emissions—an excellent way to support a community, project, or liquidity pool you believe in.

  2. Long-Term Value Proposition Burning reduces total token supply, potentially improving $BOOK’s scarcity. A deflationary mechanism can positively impact token value if demand remains strong or grows.

  3. Empower Community Governance Instead of a central authority deciding which pools get the most rewards, all holders collaborate by burning tokens to voice their preferences.

  4. Aligned Incentives Users who truly believe in a certain pool or strategy can “vote” with their tokens to enhance that pool’s yield in the next chapter.


5. How to Burn & Allocate

  1. Navigate to the Burn Interface

    • Navigate to the Burning Books page on the dapp.

    • Select which farm you wish to support in the upcoming chapter.

  2. Specify Amount

    • Enter how many $BOOK tokens you want to burn. Double-check your balance and confirm any transaction fees.

  3. Confirm Burn

    • A wallet transaction is required to interact with the burn contract. Once confirmed, your tokens are irretrievable—they are permanently removed from circulation.

  4. Watch the Tally

    • The dashboard will display how many tokens each farm has accumulated for the next chapter’s allocation.

    • Keep an eye on the competition—others might burn more to boost their preferred farm.


6. Key Benefits & Considerations

  • Fair, Transparent Process: All burns are visible on-chain, ensuring fairness and transparency in reward distribution.

  • Time-Sensitive: Only burns in the current chapter affect the next chapter’s emissions. Once a chapter ends, the tallies finalize.

  • Permanent Action: Burning is final. Only burn what you’re comfortable permanently removing from circulation.


7. Conclusion

Burning Books is at the heart of our chapter-based emissions system—enabling community-driven allocation of rewards. By burning $BOOK tokens today, you help shape tomorrow’s farming landscape. Whether you’re a fan of MSS, DRIP, Cake, or any other BNB Chain favorite, this system ensures everyone has a voice in deciding how rewards get distributed across the Book of Binance ecosystem.

Ready to burn? Head over to our Burning Books page on the dApp, choose your farm, and burn away to steer the next chapter’s emissions.

Unite the BNB Chain and join us in writing the next exciting page in our story!

Last updated