If the transaction is local on the exchange, isnt it will not trigger any burn function on the smart cointract?
I dont think this kind of burn mechanism can work...
Thats really a nice observation and we must wait and see for the answer. I dont think if there is an internal transfer on exchnage of BOOM then it can have any impact on smart contract. But again, there dev team can answer that well.
Deflationary there will be mechanism to burn tokens with every transaction on enlisted exchange. Majority of transactions are on exchanges, so it will be useless if they don't have any mechanism for exchanges.