> For the complete documentation index, see [llms.txt](https://binancepay.gitbook.io/binancepay/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://binancepay.gitbook.io/binancepay/master.md).
# BinancePay
**INTRODUCTION**
**BinancePay** is a **decentralized token** running on Binance Smart Chain, with many unique features.
What we are trying to do is create a deflation token, the BinancePay token, that allows a constant price pump with a sufficient burn mechanism. \
\
**Features**
There is a 4% fees in every transaction out of which, 1% is redistributed to all the token holders, 1% is burned, 1% is automatically added to the liquidity pool and the last 1% is sended to the charity wallet.
**Security**\
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After the token launch(which is at 1 July) we will lock all the LP token in a well known platform [**Deeplock**](https://deeplock.io/) for a period of 1 year**.**\
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