Burnt Finance Description
A fully decentralized auction protocol based on Solana. Burnt can be used to create English, dutch and sealed bid bonds, as well as a variety of other auction formats. Burnt is an intuitive interface that allows you to create new assets. These assets can be synthetics or NFTs. A user can create a new asset in a matter of minutes and set up an entirely decentralized auction in a matter of minutes. Burnt offers a unique experience for buyers and creators by utilizing Solana’s incredible speeds (50,000+ TPS), and close to zero transaction fees. Burnt is powered with the Burnt Token, (BURNT), which manages governance and offers fee reductions for new creators. All users have unlimited access to host a variety of auctions. Burnt can accommodate all major auction types, from English to Dutch. Users will also be able to create a variety of synthetic assets and NFTs.