**Deflationary Mechanism of XSHRIMP Token:**
The XSHRIMP project incorporates a deflationary model to enhance the token's value over time by reducing its total supply through strategic buybacks and burns. Here's how this process is structured:
- **Real-World Asset (RWA) Profit Allocation:**
- **25% of Net Profits:** Profits derived from the sale of products within the RWA component (e.g., Neocaridina shrimp) are allocated directly for the purpose of buying back XSHRIMP tokens from the open market. These tokens are then permanently removed from circulation through burning, effectively decreasing the total supply.
- **Validator Node Commissions:**
- **50% of Commissions:** The XSHRIMP validator node earns commissions from staking activities within the Shido network. Half of these commissions are not retained but are instead utilized to buy back XSHRIMP tokens. These tokens also undergo the burning process, further contributing to the reduction of supply.
**Impact of the Deflationary Mechanism:**
- **Token Scarcity:** By regularly burning tokens, XSHRIMP aims to create a scenario where demand outstrips supply, potentially leading to an increase in token value due to its scarcity. - **Community Engagement:** This mechanism not only supports the token's economic model but also serves to engage the community by showing direct action towards increasing the value of their holdings.
- **Sustainability:** The dual approach of using both RWA profits and validator commissions ensures that the deflationary pressure on the token supply is maintained, regardless of fluctuations in the crypto or RWA markets.
- **Transparency and Trust:** By publicly declaring and following through with these buyback and burn events, XSHRIMP fosters transparency and builds trust with its community, showcasing a commitment to the token's long-term value.
This strategic approach to token economics aims to create a more robust, deflationary token that encourages long-term holding and participation within the ecosystem, with the ultimate goal of reflecting real-world value back into the digital asset.
Burn Amounts & Transaction Hash #
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PLAY THESE GAMES AND AD REVENUE IS USED TO BURN $SHRIMP TOKENS THE MORE YOU PLAY THE MORE WE BURN
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