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CANVA token burn
Burn mechanism
The burning mechanism of CANVA ensures that as Canva Island’s user base grows, fewer CANVA tokens will exist in circulation, and the token will thus become scarcer and more valuable over time. As we add new products and game mechanics to the metaverse, we will be adding new token burning options.
- 50% of the funds from the initial sale of NFT Avatars will be used to buy back and burn
- 50% of the funds from the initial sale of NFT Lands will be used to buy back and burn
- 50% of the collected early-unstaking commissions will be sent to the burn address
- 50% of the harvest fee will be sent to the burn address
- 100% of collected comissions from Canva Wallet will be sent to the burn address
- And much more to come
Last modified 2mo ago