EAPES Whitepaper
  • EAPES Whitepaper
  • 1️⃣Introduction
    • About EAPES
    • Why MultiversX & Solana?
    • Bridging the Digital and Physical Worlds
  • 2️⃣Framework for a Virtual Economy
    • Virtual Identity
    • Virtual Assets
    • Virtual Currency
    • Virtual Society & Entertainment
    • Virtual 3D Worlds
    • Virtual HUBS
      • Virtual Marketplace HUBS
      • Virtual Business HUBS
      • Virtual Innovation HUBS
  • 3️⃣EAPES Island
    • Master Plan
    • EAPES Island Zones
      • Residential Coastal Zones
      • Residential Inland Zones
      • Commercial Zones
      • HUB Zones
        • Business HUB
        • Retail HUB
        • Design HUB
        • "Other Worlds" HUB
    • Digital Asset Ownership
      • Preorder and Redemption Process
      • 3D EAPES
      • Real Estate
      • Houses and Businesses
      • Upgrade Skins and Customization
      • Project Owned Assets
      • Custom EAPES
    • Economy & Commerce
    • Gameplay
    • Social & Entertainment
    • Technology
  • 4️⃣Project Initiatives
    • Digital Platforms
    • Community
    • Prime Community
    • EAPES Lore
    • Raffles
    • EAPES Launchpad
    • Merch Store
    • EAPES Governance
    • EAPES Creator Studios
  • 5️⃣EAPES Tokens
    • Tokenomics
      • Banana Points & Halvings
      • Banana Points Exchange Program (BPEP)
      • Token Burn System (TBS)
      • Staking Pools
    • Utility
      • Earn
      • Spend
      • Buy
  • 6️⃣Summary
  • 7️⃣Links & Resources
  • 8️⃣Disclaimer
  • 🔶3D EAPES Launch
    • 3D Preorder SFT Releases
      • Release 1A - Sold Out
        • Release 1B
      • Upcoming Releases
    • 3D SFT Redemption
    • 3D Lower Body Guide
      • Find Your Bottoms Form
      • 3D Lower Bodies
  • 🔹Roadmap
    • 2024
  • 🔹EAPES Litepaper
Powered by GitBook
On this page
  1. EAPES Tokens
  2. Tokenomics

Token Burn System (TBS)

EAPES Tokens

PreviousBanana Points Exchange Program (BPEP)NextStaking Pools

Last updated 1 year ago

Another deflationary mechanism embedded within the EAPES Token ecosystem is the Token Burn System (TBS). Whenever EAPES Tokens are utilized either within or outside the EAPES Island digital world, a staggering 50% of these Tokens are permanently removed from circulation through a burning mechanism.

This strategic burning mechanism serves a dual purpose: firstly, it effectively reduces both the circulating supply and the total supply of EAPES Tokens, thereby enhancing their scarcity and increasing their desirability among holders. This, in turn, contributes to greater price stability, offering reassurance to token holders and bolstering the long-term value proposition of the EAPES Token.

Of the remaining 50% of unburned EAPES Tokens, a large portion is allocated to directly benefit the EAPES community through various channels, including passive rewards, engaging giveaways, exciting contests, and other interactive events. This commitment to rewarding our community ensures ongoing engagement and fosters a sense of belonging within the EAPES ecosystem.

Furthermore, a portion of the unburned tokens is allocated to the EAPES Treasury, where they are strategically deployed to further the development and expansion. This investment in the future ensures the continued growth and sustainability of the platform, cementing its position as a leading force in the digital landscape.

More information will be provided prior to the EAPES Token launch.

5️⃣