After the Jager Hunter ($JAGER) team officially announced that they have relinquished ownership of the smart contract, many people started asking:
> โSo who will be able to burn? And is there hope that the burn rate will reach 90% or 99% as they say?โ
The truth is that relinquishing ownership is an important and reassuring step for any investor, because it means that no one can change the code or mint new tokens or make modifications that could harm the market.
But at the same time, this step has another side ๐
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โ๏ธ Burning after giving up is not easy
Once the team concedes the contract, it loses the ability to execute automatic burn orders (Burn Function), except in 3 specific cases:
1. ๐ธ If the burn is automated and programmed before the concession โ meaning the code has a burn rate that executes with every trade, and this continues naturally.
2. ๐ธ If the burn function is open to any public wallet โ meaning anyone can send their tokens to the burn contract themselves.
3. ๐ธ If there are large wallets (whales) still holding large amounts and voluntarily decide to burn part of them manually.
Other than that? It will be very difficult to achieve a new burn after the concession.
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๐ The reality now
According to Cyberscope reports, the percentage of tokens that have actually been burned is about 14% of the total supply.
And the large wallets currently holding amounts don't exceed about 27% of the total โ and that's not enough to lead to a massive burn reaching 90% for example.
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๐งฉ The result
So simply put:
Giving up ownership is a good step for trust. โ
But the idea of 'the big burn coming soon' ๐ฅ currently has no real confirmation.
Unless one of the large wallets decides to burn manually โ and that could happen, but it's not guaranteed.
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๐ฌ Summary
The presence of Jagger in the arena despite being ownerless makes it a rare and interesting project,
But from the burning side, I don't expect a massive burn unless an individual decision comes from one of the whales.