Burned $EARN
Last updated
Last updated
EverEarn is a deflationary token on all the blockchains it exists upon. This means that the tokens are regularly burned to ensure deflationary pressure, decreasing supply, and increasing scarcity. Unlike other so-called hyper-deflationary tokens, which burn a huge percentage at launch and then conduct only occasional and barely noticeable burns, or no burns ever again, EverEarn, in its current iteration, burns at a consistent sustainable goal rate of an average of 20-25 million tokens a week (or 1-1.3% of the total supply per year), in addition to the original base burn at launch.
At launch, the $EARN BNB token burned 15 Billion tokens (or 15% of the supply). At the time that EverEarn expands onto a new blockchain, the initial burn of tokens on that blockchain is equal to the current number of tokens burned on the BNB chain, thus ensuring all chains supply is as close to exactly the same as possible.