🔥Burn

Senspark will implement a periodic SEN token burning mechanism aimed at reducing the circulating supply of the token and increasing its value over time. Token burning is a common practice in the cryptocurrency space, creating scarcity and boosting investor confidence in the project. Token burn will be based on fees from:

  • Market fees (5%)

  • Bridge Fee (3%)

  • Mint Fee (5%)

This burn is significant step towards enhancing the long-term growth of Senspark ecosystem. Overall, the SEN token burning mechanism along with vesting for over 10 years is a strategic move by Senspark to create a more sustainable and valuable token ecosystem. By reducing the supply and increasing scarcity, Senspark aims to drive the value of SEN upwards and reward its loyal community of holders.

Token-Burning Table

Month
SEN
Total Supply (SEN)

0

0

10,000,000,000

March

0

10,000,000,000

April

-154,932

9,999,845,068

May

-46,727

9,999,798,341

June

-198,782

9,999,400,777

Here are our official announcements for token burn:

We will update token burn information monthly so that users have an intuitive and transparent view in developing the game's economy.

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