🔥Burn

Burn Mechanism

The ASKNOEL ecosystem utilizes a unique burn mechanism designed to ensure the long-term sustainability of the platform and increase the value of $NOEL for holders. Instead of burning a percentage of each transaction, ASKNOEL will burn a certain percentage of the total $NOEL supply every month.

This monthly burn mechanism will occur regardless of transaction volume, ensuring that the circulating supply of $NOEL continues to decrease steadily over time, increasing its scarcity and potentially driving up its value. The burn amount will be determined by the platform's overall growth and development, ensuring a consistent reduction in the total supply of $NOEL.

This burn mechanism serves two key purposes. First, it ensures that the supply of $NOEL is continually decreasing, enhancing its scarcity and value. Second, it creates an incentive for users to remain engaged with the ASKNOEL platform, knowing that their participation contributes to the long-term growth and value of the ecosystem.

By combining the monthly burn mechanism with ongoing development efforts and user-focused incentives, ASKNOEL aims to create a self-sustaining ecosystem that benefits all stakeholders, providing long-term value for $NOEL holders and the community.