NECTAR BURN: Deflationary Engine & Buy-Back System

Nectar Burn is the deflationary protocol that reduces the circulating supply of HONEY through a recurring buy-and-burn mechanism.

Key Mechanics:

1. Distribution Trigger

○ After PLS is collected via Hive, the Nectar Burn contract receives its share.

○ A public function must be called to initiate distribution. This function can be

executed by any user and rewards the caller for participation.

2. Automated Burn Window (Every 15 Minutes)

○ Every 15 minutes, the system becomes eligible to burn $769 worth of HONEY

using accumulated PLS.

○ If no one triggers the function during a window, the amount is carried forward to

the next period, increasing the burn power.

3. Scheduled Purge Events

○ Starting on Day 69 from the BeeHive launch, and then every 99 days, a Nectar

Purge event occurs.

○ The total available PLS is split into 100 equal portions, each callable every 15

minutes to execute buy-and-burn actions.

4. Buy & Burn Logic

○ PLS allocated to Nectar Burn is used to purchase HONEY tokens from DEX.

○ The purchased tokens are permanently burned, reducing supply and creating a

deflationary environment.