# Bringing Squeezenomics to Avax

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This document, referred to as our whitepaper, is designed to provide a comprehensive overview of the Xiao Longwei project, which operates on the Avalanche blockchain, also known as Avax.

Our project, symbolically named after the "little dragon," is focused on innovating within the blockchain ecosystem by introducing a suite of utilities aimed at reducing the supply of any given token through a mechanism of controlled burning. However, before we embark on achieving our broader vision, it is essential to launch our inaugural product. We introduce a cryptocurrency that embodies our project's ethos, featuring a novel economic model we refer to as "squeezenomics." This model ensures that with each transaction—be it a purchase or sale—a fixed percentage of 2% of the amount bought or sold is irrevocably burned, thus implementing a deflationary mechanism from the outset.


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