What is BurnedFi?

BurnedFi describes two token symbols, $burnedFi (referred to as $burn) and $burnBuild (referred to as $build). It proposes a process where $burn tokens are converted into an equivalent amount of $BNB, and the system mints $build tokens as proof of burning. The description provides an illustrative assumption: burning 1000 $burn tokens worth 1 $BNB mints 1 $build proof, and also mints an additional 1 $build distributed to existing $build holders based on their holdings.

It also describes claim rewards and invite rewards. For claim rewards, reward calculation is stated as holdings of $build minus your proof (build) equals the BNB reward that can be claimed, and after claiming, proof balances are reset to zero. For invite rewards, it states a 10% reward in $burn tokens to the referrer for burners using an invite link, and a further 5% reward to that invite source, with the remainder transferred to the 0xdead address, at least 85% according to the text.