Auto-Burn Mechanism
Auto-Burn Mechanism in CRaaS: Increasing $CRS Token Value
CRaaS implements a burning mechanism in our economic model. The purpose of this program is to enhance the value of the $CRS token and the belief of holders in the value of $CRS as well as the CRaaS ecosystem.
Burning source of $CRS Tokens
The burning value is through various resources within the CRaaS ecosystem:
Development Fund: A part of the development fund will be set aside every month to buyback and burn $CRS tokens.
Other Buyback & Burn Source: CRaaS may also receive grants/partnership funds from other projects. After being spent on the main purpose of the fund, the redundancy will be used for buyback and burn $CRS tokens.
Impact of Buyback & Burn Program
Enhanced $CRS Scarcity: The reduction in the total supply of $CRS tokens creates scarcity, which can positively influence the token's value, creating a positive flywheel for the whole ecosystem.
Alignment with User Interests: The deflationary mechanism aligns with the interests of $CRS holders, as it potentially increases the value of their holdings and provides an incentive for long-term investment and participation in the ecosystem.
Long-Term Economic Stability: By continuously removing a portion of the tokens from circulation, we aim to achieve a more stable and sustainable economic environment for CRaaS. This stability is beneficial for both long-term investors and everyday users of the platform.
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