Dynamite

Dynamite Token (DYNMT) is a deflationary cryptocurrency built on both the Ethereum (ERC-20) and Binance Smart Chain (BEP-20) networks. It operates as a community-driven, open-source social experiment designed to explore the economic effects of deflationary mechanisms in digital assets. The core feature of DYNMT is its built-in 2% burn rate on every transaction, permanently reducing the token's total supply with each transfer. Initially, 900,000 DYNMT tokens were created, and no Initial Coin Offering (ICO) or Initial Exchange Offering (IEO) was conducted. Instead, tokens were distributed through airdrops to prevent speculative risks and to promote educational engagement with the project​.

Currently, Dynamite Token primarily serves as a deflationary asset intended to demonstrate the impact of token burn mechanisms on cryptocurrency value and market behaviour. Its primary function is to decrease supply over time through its automatic 2% burn per transaction. Although there is no formal use case beyond this deflationary feature, the community is encouraged to develop and propose additional utilities. Dynamite Token has also expanded into the NFT space through its DYNFT initiative, allowing users to purchase and collect unique digital art and assets​.