Moverse Whitepaper

Burning Mechanism

Burning Mechanism:
Over time, when a large funnel of users and transaction volume grows in parallel, a certain amount of $MOVE tokens will be burnt from all in-app activities generating tokens, meaning the dynamics of supply and demand will change as the token supply is reduced in order to create a deflationary effect, driving the scarcity of $MOVE tokens.
Throughout this process, high-profile users also hold the power to make decisions in the DAO with an aim to stabilize Moverse’s economy.