Burning
Last updated
Last updated
All unclaimed 8LENDS tokens after loan repayment, along with a portion of tokens from other protocols, will be managed through the Smart Burning Contract. These tokens will either be burned or redistributed for the “Loyalty Program” needs.
Smart Burning Contract Process:
Accumulation: Tokens will accumulate in a special protocol, “SC Burning.”
Scheduled Burning: Tokens will be burned four times a year according to an approved schedule.
Forecasted Volume: Based on the 8lends project development plans, we can anticipate the following volume of 8LENDS tokens to be burned:
Forecast details to be provided based on specific project milestones and token flow.
This process ensures a controlled and transparent reduction of 8LENDS tokens in circulation, contributing to the stability and value of the token.
