đĨ Burn
đ Climb the tiers, optimize your burn: A unique tokenomics approach.
Last updated
đ Climb the tiers, optimize your burn: A unique tokenomics approach.
Last updated
To maintain the Certix token's value and scarcity, we've introduced a dynamic token burning process. This method is aimed at decreasing the token's overall supply while also rewarding our most active community members.
Every transaction involving the Certix token will result in a percentage of that transaction being burned, effectively removing it from circulation. This percentage is not fixed, instead, it's inversely proportional to the user's tier. In simpler terms, the higher the user's tier, the lower the percentage of the token that gets burned from their transactions.
Why this approach?
Value Preservation: By reducing the total supply over time, we aim to create upward pressure on the token's value, benefiting all holders.
Encouraging Higher Tiers: By offering reduced burn rates to higher tier members, we encourage users to reach higher tiers, which promotes community engagement and investment in the platform.
Fairness & Reward: This mechanism ensures that our most active and dedicated members, who likely have contributed more to the platform's growth, are rewarded with more favorable transaction conditions.
This burning mechanism underlines our commitment to the Certix token's long-term value and recognizes the crucial contribution of our community to the expansion and prosperity of the ecosystem.
