How Token Burning Works for $NOT
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The goal of token burning is to reduce the total supply, making the remaining tokens more valuable. ๐ Think of it like a company buying back its own stock to increase scarcity.
Notcoin's Burning Strategy:
Instead of just destroying tokens, Notcoin has built burning into its ecosystem to encourage players to do it themselves. ๐ฎ
* In-Game Purchases: You spend and burn $NOT to unlock new games or features.
* Leaderboard Competitions: Spend to climb the ranks, and a portion of that amount is burned.
The Impact:
Over 500 million $NOT have already been burned, creating a continuous "deflationary" pressure. If this continues, it could burn 1-2% of the total supply each year, which rewards long-term holders. ๐