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Burn Protocol

126.5B
TOTAL TOKEN RESERVE
4.2B
TOTAL MARKET
130.7B
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 13

BURN #14

Market: 536,240,032 MNFT

Reserve: 10'500'000'000 MNFT

Percentage: 8.44%

Total: 11'036'240'032 MNFT

Burn 13

BURN #13

Market: 372,353,564 MNFT

Reserve: 9'000'000'000 MNFT

Percentage: 7.17%

Total: 9'372'353'564 MNFT

01_Burn_protocol

BURN #12

Market: 540,000,000 MNFT

Reserve: 7'500'000'000 MNFT

Percentage: 6.15%

Total: 8'040'000'000 MNFT

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BURN #11

Market: 73'066'130 MNFT

Reserve: 6'000'000'000 MNFT

Percentage: 4.64%

Total: 6'073'066'130 MNFT

01_2Burn_protocol

BURN #10

Market: 97'635'290 MNFT

Reserve: 4'500'000'000 MNFT

Percentage: 3.52%

Total: 4'597'635'290 MNFT

burn9

BURN #9

Market: 492'935'900 MNFT

Reserve: 3'000'000'000 MNFT

Percentage: 2.67%

Total: 3'492'935'900 MNFT

burn 7

BURN #8

Market: 610'819'406 MNFT

Reserve: 1'000'000'000 MNFT

Percentage: 1.23%

Total: 1'610'819'406 MNFT

burn 7

BURN #7

Market: 44'479'166 MNFT

Reserve: 1'000'000'000 MNFT

Percentage: 0.80%

Total: 1'044'479'166 MNFT

01_Burn_protocol

BURN #6

Market: 31'890'754 MNFT

Reserve: 1'000'000'000 MNFT

Percentage: 0.79%

Total: 1'031'890'754 MNFT

BURN #5

Market: 25'284'238 MNFT

Reserve: 2'000'000'000 MNFT

Percentage: 1.55%

Total: 2'025'284'238 MNFT

BURN #4

Market: 182'713'358 MNFT

Reserve: 3'000'000'000 MNFT

Percentage: 2.43%

Total: 3'182'713'358 MNFT

BURN #3

Market: 150'000'000 MNFT

Reserve: 50'000'000'000 MNFT

Percentage: 38.35%

Total: 50'150'000'000 MNFT

BURN #2

Market: 100'000'000 MNFT

Reserve: 3'000'000'000 MNFT

Percentage: 2.37%

Total: 3'100'000'000 MNFT

BURN #1

Market: 1'000'000'000 MNFT

Reserve: 25'000'000'000 MNFT

Percentage: 19.18%

Total: 26'000'000'000 MNFT

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