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Description: A burning protocol for the WEMIX contraction policy. By utilizing Mass Burn, Batch Burn, and Auto Burn, the growth of the WEMIX 3.0 ecosystem can turn real profits for the community and investors. It also guarantees predictable futures that are part of WEMIX’s contraction policy which ensures value appreciation of WEMIX.
blockchain (5775) ethereum (3910) cryptocurrency (3853) digital asset (156) decentralization (70) evm (65) wemix (14) public blockchain (8) wemix3.0 (5) wemix 3.0 (3)
Mass Burn is implemented upon the Foundation's decision and involves mass WEMIX burn from the Foundation's holdings to promote the stable growth of the ecosystem.
Batch Burn purchases and burns the WEMIX tokens to stabilize the ecosystem by returning a portion of the Foundation's investment revenues to the community and markets.
Auto Burn is a mechanism that burns transaction fee according to the variable gas fee formula of WEMIX3.0 and 25% of WEMIX3.0 platform revenues quarterly. Auto Burn scales with the growth of the WEMIX3.0 mainnet and platform.
Home | WEMIX
PoET