Token Burns
Last updated
Last updated
In the token burn system, specific tokens are permanently removed from circulation, reducing the overall supply. This process is known as "burning" tokens. The detailed plan of the Token Burns System aims to provide transparency and real-time visibility into the accumulated amount of tokens designated for burning in Another World Metaverse. This transparency enhances credibility and trust among our token holders.
By implementing a transparent system, Anther World Metaverse's holders can witness the ongoing accumulation of tokens set for burning, ensuring a unique and engaging experience. Another World, with its unparalleled expertise, has developed a meticulous Token Burns System to facilitate a significant accumulation of tokens to burn.
In the beginning stage of NFT (e.g., LAND and Another World Metaverse items): minting fees are set 30% and will gradually increase to reach 100% of burning in total.
A portion of the fees collected from minting LAND and metaverse items are directed to a designated burn wallet for addressing high price resistance by implementing a real-time transfer mechanism. The mechanism process reduces the token supply, leading to potential price appreciation and increased value for Another World Metaverse token holders.
Another World's sub-product such as Mini-Games, fosters a thriving ecosystem of economic activities powered by AWM. These activities include entry ticket fees, item sales fees, and transaction fees, all contributing to the overall product experience. The AWM generated from this is earmarked for burning at the end. This systematic approach ensures that a significant accumulation of AWM occurs, fueling the token burn system.
Another Swap is Another World Metaverse's very own swap platform that aims to lead the Web3 industry by the lowest fee and create a burning system for AWM. Another Swap Fee will be burned 100% as charged fees as AWM, and among the 0.2% swap fee charged, 0.15% will go to LP Makers, while 0.05% will burn in the form of AWM.
In Another World Metaverse, our plan is to burn the portion of active sales fees that arises from user-generated content (UGC) or user-created content (UCC). By implementing this strategy, we aim to enhance the value and sustainability of our platform.
