Mint & Burn Functions
As SPIN token's total supply is hard capped at 1.000.000.000, Spintop ecosystem will require token burn for minting new ones. Minted tokens will only be allocated to liquidty pools after 3 years to ensure liquidity provision will be incentivized.
Spintop will burn according to the following mechanisms:
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100% of SPIN paid for Profile Creation
100% of SPIN paid for Guild Creation
0.08% of every trade made on Spintop Exchange
1% of every yield generated by Guilds
0.5% of every trade made on the NFT Marketplace
Last modified 6mo ago