PlaysRare Whitepaper
  • ๐Ÿ‘‹Welcome
  • Overview
    • โœจVision
    • ๐Ÿ—บ๏ธRoadmap
    • ๐Ÿ•น๏ธGames
    • ๐Ÿ”—Official Links
    • ๐Ÿ“„Contract Addresses
  • Tokenomics
    • ๐Ÿ’ธBuy $PLAYS
    • ๐Ÿช™$PLAYS
      • ๐Ÿ’ฐDistribution
      • ๐Ÿ‘‘Utilities
      • ๐Ÿ”ฅToken Burns
    • ๐Ÿ’Ž$GEMS
      • โš—๏ธEmissions
      • ๐Ÿ—“๏ธRelease Schedule
    • ๐Ÿ“ˆStaking (Soon)
    • PlaysToken
  • PlaysRare
    • ๐ŸŽฎPlaysRare Gaming Hub
    • ๐Ÿ›๏ธPlaysRare Marketplace
    • ๐ŸŽจCross-game Web3 Assets
    • ๐ŸŽLootbox
    • PlaysRare
  • Plays Launchpad
    • ๐Ÿš€Overview
    • ๐Ÿ—ณ๏ธVoting
    • ๐ŸŒฑProcess
    • Plays Launchpad
  • Plays Blockchain
    • ๐Ÿ‘จโ€๐Ÿ’ปTechnical Document
    • โ›“๏ธL3 Mainnet (Plays)
    • ๐Ÿ”ตL3 Testnet (Plays)
    • PlaysChain
  • Game Development
    • ๐ŸŽจGames Design
    • ๐ŸŽฒGames Acquisition
    • ๐ŸงชL2 Testnet (Sepolia)
  • Governance
    • ๐Ÿซ‚DAO Governance
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  1. Tokenomics
  2. ๐Ÿช™$PLAYS

๐Ÿ”ฅToken Burns

Burn baby Burn

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Last updated 1 year ago

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We are implementing various mechanisms to burn tokens strategically, thereby reducing the overall token supply and enhancing scarcity. Token burning will occur through several channels, including a percentage of the real revenue generated, platform usage fees, NFT sales, and community-driven initiatives. Additionally, a portion of tokens allocated to reserves may be periodically burned.

We plan to implement token burning as buybacks, where a portion of project revenue will be allocated to repurchasing and subsequently burning tokens from the market.

By implementing a multifaceted approach to token burning, we strive to create a deflationary ecosystem that rewards long-term token holders, enhances scarcity, and contributes to sustainable value appreciation over time.