Summoners Arena Whitepaper
  • 💡About Summoners Arena
    • Introduction
      • Game Lore
    • Play - Own - Earn
    • Roadmap
    • Backers
  • 📱Trusted Links
    • Download Links
    • Official Contracts
    • Social Media & Community
  • 🔮Summoners Arena NFT
    • Heroes
      • Normal Heroes & Sealed Heroes
      • Factions
      • Classes
      • Skills
      • Body Parts
      • Tier, Stars & Levels
      • Summon Points
      • Costumes
    • Equipments
    • Hero's Costume
  • 🎮Hero Mechanics
    • Summon
      • Premium Summmon
      • Sealed Summon
      • Drop Rate
      • Boost Up
      • Exclusive Summon
    • Prophet Tree
      • Faction Summon
      • Replace Hero
    • Evolve & Upgrade
      • Reset
    • Hero Linking
    • Black Market
    • Wheel of Fate
  • ⚔️Battles
    • Summoners
    • Formation
      • Formation Type & Preset
      • Bonus Stats & Gaia Shards
      • Companion Buff
    • Matchmaking
    • Arena (PvP)
      • Basic Concepts
      • Detailed Reward (2024)
      • 2024 Rank Titles & Rewards
      • Detailed Reward (2023)
      • 2023 Rank Titles & Rewards
      • 2022 Rank Titles & Rewards
    • Battleground (PvP)
      • Basic Concept
      • Battleground Shop & Rewards
    • Campaign (PvE)
      • Stages & Maps
    • Dungeon (PvE)
      • Basic Concepts
      • Stages & Waves
      • Buffs & Potions
      • Merchant
    • Dragon Tower (PvE)
      • Tower Tickets
      • Floors and Rewards
  • 🌐Ecosystem
    • NFT Marketplace
    • Rental System
      • Team Renting Instruction
        • For Renters
        • For Lenders
      • Team Renting
        • Access & Restrictions
        • Reward Sharing & Distribution
    • Native Exchange
      • Listing & Filling
  • 💰Economy
    • SA World Energy (SAE)
      • Emission & Use Cases
      • Token Metrics
    • Ancient Summoners Gem (ASG)
      • Earning ASG & Use Cases
    • Nmax: NFT Supply Limit & Inflation Control
      • Nmax Formula
      • Nmax Thresholds
    • Burning Mechanism
      • ASG Burning Mechanism
      • NFT Burning Mechanism
      • Project's Wallet
  • 📔Legal Documents
    • Legal Disclaimer
    • Terms & Conditions
    • Privacy Policy
  • ⚙️Others
    • FAQs
    • Contact Us
    • SA World
    • Media Kit
    • Audit Report
    • Archive
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  1. Economy

Burning Mechanism

What's Burning Mechanism?

When a token holder decides to "burn" their token, they send the token to an inaccessible address. This action simulates the burning of the token, rendering it unusable within the system.

The "burn token" mechanism is commonly used for the following purposes:

  • By burning tokens, the remaining token supply in the system decreases, contributing to inflation control and creating value for the remaining tokens.

  • As the token supply decreases, the supply-demand ratio may change, potentially leading to an increase in the value of the remaining tokens.

  • Burning tokens can be used as a way to engage the community, as token holders benefit from maintaining and increasing the value of the remaining tokens.

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Last updated 1 year ago

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