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FaraLand(FARA) Token Burn
FaraLandAfter almost 2 years of locking the Team’s Token, we have decided to show our dedication to a long-term journey. Thus, starting this month, we will burn all Foundation & Team Token, details are as follow:
- + Total to be burned: $FARA 28,900,000
- + Upcoming burn of $FARA in January 2023: $FARA 2,924,069
- + $FARA burned monthly (starting from February 2023): $FARA 2,000,000
We believe that this is the best way to ensure the long-term success of the project and to align the interests of all stakeholders.
From now on, there will no longer be monthly burns of market fees. Instead, the project will be maintained through market fees. This action is intended to show our dedication to decentralization and to give the community a stronger stake in the project. In addition to this, we want to assure you that the project is well-funded and will be able to operate for the next 4-5 years.
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