Areon Network(AREA) Token Burn

🔥 $AREA Burn 🔥

Since the launch of mainnet 300,232 $AREA were burned for validator fees.

TX ID: https://areonscan.com/transactions/0xc6a4bcd1aaa6f95537aef42cafaa90e9b983c4a3695fcccfd516403eafa27b87…

Additionally, Areon team burns an extra 1 Million $AREA from the circulation within 3 days in total to support the deflationary approach.

Blocks in #AreonChain burn a fixed ratio of the transaction fees periodically on the last day of each quarter. The ratio is adjustable through governance.

The next scheduled burning is on 31 March 2024. With this strategy, Areon will reach a Max Supply of 100M in 10 years.

More : https://docs.areon.network/tokenomics#our-deflationary-approach

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