I want my token to burn/reflect a percentage of each token transaction! Is this OK?

We believe that this is a poor token economics practice. What you are doing with this is building FOMO and boom-and-bust cycles into the core design of the token. A consistent on-transaction token burn means an expectation from users for rapid deflation and thus attracts a lot of speculators that are not interested in the core use case of your token but rather are looking to make a quick profit. This will inflate the token price, until such a point that a selloff begins. Then the whole cycle repeats. Are there exceptions to this rule? Sure, there are, but they are very few. One good example is EIP-1559.

We want to stress that we are not opposed to token burning in general, when it is done properly - driven by the demand for the services that you are offering.

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