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GLOBAL Token Burning
Is the process of permanently removing coins from circulation, thereby reducing the total supply. This action is performed automatically via smart contract or by the development team.
It all comes down to the laws of supply and demand. Burning tokens helps to restrict the supply. If the demand stays the same or increases, the price of the token will naturally go up. Hence, it might potentially result in an increase in the value of the token.
Token burning can help to stabilize the value of the token and prevent potential price inflation. By making the token price more stable, it gives its holders an incentive to hold these tokens and, as a consequence, to keep token prices even more favorable.
Most of the withdrawal fees are used to burn tokens (apart from the first two months that volume will be low and the impact of doing burns minimal, but using those fees for operations to have a big head start will greatly benefit the token in the future).
Tokens minted to the team are either rewarded to $GLBD holders or burned.
The AMM fees are 100% used for buybacks We charge a small $GLBD fee to enter into our presales, these tokens will also get burned.
The management fee can also be partly or completely used to buyback tokens.
As a reminder, our goal is to transform $GLBD into a very low inflationary token or even deflationary!
Last modified 5mo ago