ZND Ecosystem
  • Introduction
    • ℹī¸About ZND
      • đŸŽ¯Vision and goals of ZND project
    • 📃ZND Services
      • 🔍Explore
      • 📈Trade
      • đŸ’ĩEarn
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    • ℹī¸About zondacrypto
  • ZND Token
    • 🔗Token features
      • ⛏ī¸Farming
      • ⚙ī¸ZND Staking Program
      • 🎁Loyalty Program
      • đŸĒ™Special Pool
      • đŸ”ĨBurn Mechanism
      • 💎Affiliate Program
    • ⚖ī¸ZND Tokenomics
      • 🧮Token Parameters
      • 📃Allocation
      • 📆Distribution
    • 🔍Token Sale Details
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Burn Mechanism

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Last updated 10 months ago

Aiming for the deflationary nature of the $ZND token

Token Burning is a mechanism widely adopted by various cryptocurrency projects.

The process involves permanently removing a certain number of $ZND Tokens from circulation by sending them to a specially designated wallet address.Th is wallet acts as a one-way vault; once tokens are sent to this address, they cannot be retrieved and will be permanently removed from the market. The primary consequence of this action is that these tokens are permanently withdrawn from circulation, never to re-enter the market.

In the ZND ecosystem, Token Burning is used to manage the token supply in the Special Pool. Periodically, a portion of the tokens in this pool is burned to support the ecosystem's goal of ensuring sustainable, long-term growth for the $ZND Token.

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