🔥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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