Burn
Last updated
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
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:
April:
May:
June:
We will update token burn information monthly so that users have an intuitive and transparent view in developing the game's economy.