Burn Protocol
What is it?
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 #11
Market: 73'066'130 MNFT
Reserve: 6'000'000'000 MNFT
Percentage: 5.94%
Total: 6'073'066'130 MNFT
BURN #10
Market: 97'635'290 MNFT
Reserve: 4'500'000'000 MNFT
Percentage: 4.49%
Total: 4'597'635'290 MNFT
BURN #9
Market: 492'935'900 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 3.41%
Total: 3'492'935'900 MNFT
BURN #8
Market: 610'819'406 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 1.57%
Total: 1'610'819'406 MNFT
BURN #7
Market: 44'479'166 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 1.02%
Total: 1'044'479'166 MNFT
BURN #6
Market: 31'890'754 MNFT
Reserve: 1'000'000'000 MNFT
Percentage: 1.01%
Total: 1'031'890'754 MNFT
BURN #5
Market: 25'284'238 MNFT
Reserve: 2'000'000'000 MNFT
Percentage: 1.98%
Total: 2'025'284'238 MNFT
BURN #4
Market: 182'713'358 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 3.11%
Total: 3'182'713'358 MNFT
BURN #3
Market: 150'000'000 MNFT
Reserve: 50'000'000'000 MNFT
Percentage: 49.02%
Total: 50'150'000'000 MNFT
BURN #2
Market: 100'000'000 MNFT
Reserve: 3'000'000'000 MNFT
Percentage: 3.03%
Total: 3'100'000'000 MNFT
BURN #1
Market: 1'000'000'000 MNFT
Reserve: 25'000'000'000 MNFT
Percentage: 25.41%
Total: 26'000'000'000 MNFT