🎯
Eontribe
  • 👋Introduction
    • Mission
    • Vision
    • Industry
  • 💡Problems and solutions
  • 🛡️Transparency and reporting
  • Ecosystem
    • Neural network
      • How does the Eontribe neural network work?
      • Groups of user
      • Opinions about a person
      • Lead generation
      • Calendar
      • Autotranslation
      • The voice input
      • Eontribe neural network use cases and examples
        • Searching for a business partner
        • Searching for a team to play with
        • Searching for Real Estate
        • Searching for an Employee
        • Autotrading
    • Social network
      • General characteristics
      • Additional features in the social network
      • Messenger
      • Subscriptions
      • Post management
      • AI for chat filtration
      • Voice chat translation feature
      • Search
      • Content ties together the entire ecosystem
      • Synchronization
      • Anonymous questions
      • Implementation of smart contracts
    • Life in VR
      • 3D avatars
      • Scene
      • Avatar Training
      • Mimicry
      • Gestures
      • Living together
      • Pets and plants
      • Digital immortality
    • Metaverse
      • Interconnectivity with the Marketplace
      • Social networking and chat rooms
      • Virtual real estate
      • Brand positioning
      • Events hosting
      • Recording life moments on the blockchain
      • 2D and 3D assets
      • Realistic World
    • Cryptoexchange
      • DEX
        • Low-cost transactions
        • Transparency and anonymity
        • Security
        • Improvements in the industry standards
      • CEX
        • Spot trading
        • Contract (futures) trading
        • Market and limit orders
        • Interest-earning Accounts
    • Marketplace
      • Tokenizing real-world items
      • Virtual assets
      • Freelance exchange
      • SDKs
      • Merchandising items
      • Eontribe ads
      • Eontribe NFT
      • Digital passport
      • Warehouse
      • Plastic card
      • Subscription
  • Tokenomics
    • Issue
    • Allocations
      • Founding Team
      • Tokensale
        • Seed round
        • Private round
        • IDO
      • Ecosystem
    • Vesting
    • Purpose and use of EON tokens
    • Burning
    • Staking
  • NFT
    • Introduction
    • EONs
    • DNA
    • Collectibles
    • Eons + DNA
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  1. Tokenomics

Burning

The token burning mechanism is implemented to balance the system and is able to compensate for the impact of inflation.

Burning is tied to the inflation rate of the world's reserve currency. In case of inflation of this currency, EON tokens are burned. The minimum percentage of burning is equal to the percentage of inflation, and may exceed it. The inflation-linked token is designed to preserve the buying power of its holders.

The EON burning mechanism helps to increase the stability of the token's price behavior. Only tokens received by the platform in the form of commissions from participants can be burned. When the share of burned tokens reaches 50%, the burning will be stopped.

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Last updated 1 year ago