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. $PLAYS

Token Burns

Burn baby Burn

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.

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Last updated 1 year ago

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