1% of all $PEPY traded are burnt in The Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger, reducing the circulating supply and keeping the PEPY protocol stable.
The benefit to an everlasting burn of circulating supply is that due to the deflationary nature of it, equates to a higher value of each $PEPY token, therefore increasing the individual value of each token.
The Fire Pit Address: 0x0000000000000000000000000000000000000000