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Burn Protocol

85B
TOTAL TOKEN RESERVE
1.5B
TOTAL MARKET
86.5B
TOTAL BURN COMBINED

What is it?

“Token Burning” refers to the process of permanently removing tokens from circulation. When MNFT tokens are "burned", they are transferred to an address without a secret key or in other words an account that cannot be accessed.
The process of burning MNFT tokens is carried out in the following 3 ways:

A certain percentage of the sales revenue from the MongolNFT marketplace, The Wolves, and projects to be implemented in the future will be used to buy and burn MNFT tokens from the market.

Up to 80% of the income from trading commissions carried out with MNFT token on MongolNFT marketplace will be burned in certain stages over a period of 5 years. These will be from MongolNFT, NFT drops, secondary market trading, 3rd party platform transfer, withdrawal fee, gaming, streaming and other projects we will implement in the future.

MongolNFT will burn a certain percentage of the token reserve in accordance with the events organized by MongolNFT.

burn 7

BURN #7

Market: 44'479'166 MNFT

Reserve: 1'000'000'000 MNFT

Percentage: 1.21%

Total: 1'044'479'166 MNFT

Burn #6

BURN #6

Market: 31'890'754 MNFT

Reserve: 1'000'000'000 MNFT

Percentage: 1.19%

Total: 1'031'890'754 MNFT

BURN #5

Market: 25'284'238 MNFT

Reserve: 2'000'000'000 MNFT

Percentage: 2.34%

Total: 2'025'284'238 MNFT

BURN #4

Market: 182'713'358 MNFT

Reserve: 3'000'000'000 MNFT

Percentage: 3.68%

Total: 3'182'713'358 MNFT

BURN #3

Market: 150'000'000 MNFT

Reserve: 50'000'000'000 MNFT

Percentage: 57.95%

Total: 50'150'000'000 MNFT

BURN #2

Market: 100'000'000 MNFT

Reserve: 3'000'000'000 MNFT

Percentage: 3.58%

Total: 3'100'000'000 MNFT

BURN #1

Market: 1'000'000'000 MNFT

Reserve: 25'000'000'000 MNFT

Percentage: 30.05%

Total: 26'000'000'000 MNFT

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