Burn Protocol
179.9B
TOTAL TOKEN RESERVE
11.8B
TOTAL MARKET
191.8B
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.
A new progressive burn protocol is being introduced where the amount of MNFT tokens burned from the "reserve" will progressively increase from the previous month's amount burned.
![Burn Protocol Burn Protocol](https://mnftcoin.com/wp-content/uploads/2024/07/Burn-Protocol.png)
BURN #24
Market: 154,953,390 MNFT
Reserve: 0 MNFT
Percentage: 0.08%
Total: 154,953,390 MNFT
![BURN 23 BURN 23](https://mnftcoin.com/wp-content/uploads/2024/05/BURN-23.jpg)
BURN #23
Market: 316,019,672 MNFT
Reserve: 0 MNFT
Percentage: 0.16%
Total: 316'019'672 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #22
Market: 909,110,389 MNFT
Reserve: 0 MNFT
Percentage: 0.47%
Total: 909'110'389 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #21
Market: 524,573,940 MNFT
Reserve: 0 MNFT
Percentage: 0.27%
Total: 524'573'940 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #20
Market: 408,660,282 MNFT
Reserve: 0 MNFT
Percentage: 0.21%
Total: 408'660'282 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #19
Market: 538,604,801 MNFT
Reserve: 0 MNFT
Percentage: 0.28%
Total: 538'604'801 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #18
Market: 3,236,675,922 MNFT
Reserve: 12'968'124'245 MNFT
Percentage: 8.45%
Total: 16'204'800'167 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #17
Market: 525,736,622 MNFT
Reserve: 15'000'000'000 MNFT
Percentage: 8.09%
Total: 15'525'736'622 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #16
Market: 447,392,792 MNFT
Reserve: 13'500'000'000 MNFT
Percentage: 7.27%
Total: 13'947'392'792 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #15
Market: 524,887,346 MNFT
Reserve: 12'000'000'000 MNFT
Percentage: 6.53%
Total: 12'524'887'346 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #14
Market: 536,240,032 MNFT
Reserve: 10'500'000'000 MNFT
Percentage: 5.75%
Total: 11'036'240'032 MNFT
![Burn 13 Burn 13](https://mnftcoin.com/wp-content/uploads/2023/07/Burn-13.jpg)
BURN #13
Market: 372,353,564 MNFT
Reserve: 9'000'000'000 MNFT
Percentage: 4.89%
Total: 9'372'353'564 MNFT
![01_Burn_protocol 01_Burn_protocol](https://mnftcoin.com/wp-content/uploads/2023/06/01_Burn_protocol-2.png)
BURN #12
Market: 540,000,000 MNFT
Reserve: 7'500'000'000 MNFT
Percentage: 4.19%
Total: 8'040'000'000 MNFT
![346112948_1666980213762216_2787248276636524341_n 346112948_1666980213762216_2787248276636524341_n](https://mnftcoin.com/wp-content/uploads/2023/05/346112948_1666980213762216_2787248276636524341_n.png)
BURN #11
Market: 73'066'130 MNFT
Reserve: 6'000'000'000 MNFT
Percentage: 3.17%
Total: 6'073'066'130 MNFT
![01_2Burn_protocol 01_2Burn_protocol](https://mnftcoin.com/wp-content/uploads/2023/06/01_2Burn_protocol.png)
BURN #10
Market: 97'635'290 MNFT
Reserve: 4'500'000'000 MNFT
Percentage: 2.40%
Total: 4'597'635'290 MNFT
![burn9 burn9](https://mnftcoin.com/wp-content/uploads/2023/03/burn9.png)
BURN #9
Market: 492'935'900 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 1.82%
Total: 3'492'935'900 MNFT
![burn 7 burn 7](https://mnftcoin.com/wp-content/uploads/2023/01/burn-7-1.png)
BURN #8
Market: 610'819'406 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 0.84%
Total: 1'610'819'406 MNFT
![burn 7 burn 7](https://mnftcoin.com/wp-content/uploads/2023/01/burn-7-1.png)
BURN #7
Market: 44'479'166 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 0.54%
Total: 1'044'479'166 MNFT
![01_Burn_protocol 01_Burn_protocol](https://mnftcoin.com/wp-content/uploads/2023/06/01_Burn_protocol.png)
BURN #6
Market: 31'890'754 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 0.54%
Total: 1'031'890'754 MNFT
![](https://mnftcoin.com/wp-content/plugins/elementor/assets/images/placeholder.png)
BURN #5
Market: 25'284'238 MNFT
Reserve: 2'000'000'000 MNFT
Percentage: 1.06%
Total: 2'025'284'238 MNFT
![](https://mnftcoin.com/wp-content/plugins/elementor/assets/images/placeholder.png)
BURN #4
Market: 182'713'358 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 1.66%
Total: 3'182'713'358 MNFT
![](https://mnftcoin.com/wp-content/plugins/elementor/assets/images/placeholder.png)
BURN #3
Market: 150'000'000 MNFT
Reserve: 50'000'000'000 MNFT
Percentage: 26.15%
Total: 50'150'000'000 MNFT
![](https://mnftcoin.com/wp-content/plugins/elementor/assets/images/placeholder.png)
BURN #2
Market: 100'000'000 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 1.62%
Total: 3'100'000'000 MNFT
![](https://mnftcoin.com/wp-content/plugins/elementor/assets/images/placeholder.png)
BURN #1
Market: 1'000'000'000 MNFT
Reserve: 25'000'000'000 MNFT
Percentage: 13.55%
Total: 26'000'000'000 MNFT