Deflationary Mechanism
Last updated
Last updated
Stadium is a deflationary token that will start burning in the very first transaction to happen.
The goal with this move is to create a slow and steady burner wallet to reduce the supply.
TL;DR:
For example, when you send 1000 STD for another wallet or make a buy/sell, the feenomics of stadium takes place, charging a 4% smart contract fee, 1% will go to the burner wallet.
The others 3% is the auto-staking smart contract fee, that is 3%, this is a reward just by holding Stadium in your wallet, you will start gain reflection in STD, in the scenario above, we transfered 1000 STD, so the fee will be 40 STD, 10 STD is gone forever and 30 STD goes to every single holder of Stadium.
Creating a deflationary mechanism since this coins are gone forever, out of circulation!!!
Our plan is to start this burner wallet and let it burn 50% of the supply, but we will do this through governance vote, to read more about governance just go to here -> Governance!
That said, whether or not we will reach this amount of burn of supply will be up to the community
Another deflationary mechanism is that NFT presale will only accept $STD tokens, and 50% of all sales will be burned forever!