Burning Mechanism

Advantages of burning tokens

• Tokens become more valuable

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.

• A steady 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.

Deflationary Mechanics

Tokens minted to the team (9,09% of the total emissions) are either rewarded to EGG holders or burned.

As a reminder, our goal is to transform EGG into a very low inflationary token as the project progresses.