Staking-Based Token Burning
An Innovative Approach for Charitable Impact
Why is it Better than Traditional Burning?
Traditional token burning is used by many crypto projects to reduce the circulating supply, increasing the scarcity and potentially the price of the token. However, burning leads to a permanent loss of capital without providing further value to the ecosystem.
Staking-Based Token Burning is a new approach that replaces burning with permanent staking, which not only maintains the token's scarcity but also supports charitable actions through the generated staking rewards.
Staking-Based Token Burning is a new approach that replaces burning with permanent staking, which not only maintains the token's scarcity but also supports charitable actions through the generated staking rewards.
| 🔥 Traditional Burning | 🔒 Staking-Based Token Burning |
|---|---|
| Tokens are destroyed forever. | Tokens remain locked but are used for staking. |
| No future value is offered. | Produces staking rewards that go to charities. |
| Does not contribute to blockchain operation. | Supports the security and decentralization of the blockchain. |
| Only enhances the token price through scarcity. | Enhances the price while funding social projects. |
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Contributors
AP
Anastasios Pateritsas
Co-founder | CTO
PK
Pantelis Karamailis
Co-founder | CEO
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