Burn Mechanisms
Last updated
Last updated
The LAND Token has a number of mechanisms designed to remove tokens from supply. Because the mint rate is capped at 10,000,000 tokens, each burn effectively reduces the supply cap of LAND permanently. Some examples of burn mechanisms are:
RWA Token Purchases: Each RWA Token purchase will be paid 10% in LAND Tokens, all of which are burned.
Elective DAO Burns: The DAO can vote to burn any number of tokens from its treasury fund, which comprises 2.5% of all tokens generated as well as Auto LAND staking fees.
