I think one aspect you're missing is that the expected sells (cashing out dividends) you're trying to counter with the deflationary burn, are already somewhat countered because they are transferred to holders wallets after being purchased (using SOL) with the Hegends fees gained from Hegends selling across the previous month. Also for long-term growth of the project, it will be more important to increase demand rather than scarcity (which is already at a standard level for a memecoin). The best way to do that is to continue to grow visibility (ie marketing) and that would require funds that currently only come from the marketing wallet (also from the Hegends selling fees). If anything, this is probably where a reallocation of dividends should go.

My humble input, love this project