First token burn in DeFi Warrior

Today is the first time DeFi Warrior has burned FIWA tokens, marking that the project has generated revenue and, at the same time, reduced the supply and increased the value of the token in the long-term.

The first time FIWA tokens has been burned

One million FIWA generated from DeFi Warrior’s players’ in-game activities was burned today for the purpose of limiting the possibility of FIWA inflation.

Why Burn Tokens

Although the project is in the very early stages, we realize burning tokens will help increase the value of FIWA. It is very important to gradually reduce the number of tokens available so as not to put pressure on the entire market.

Therefore, burning tokens as soon as possible will bring the best benefits to FIWA holders.

  • Sources of tokens: Transaction fee on the marketplace, from events like NFT Two Dollars, IGO…
  • This process will be done periodically and announced after each burn to bring balance to the ecosystem of FIWA
  • The amount of burn will be determined for each burn.

Our goal is to make FIWA one of the most valuable tokens in not only the GameFi sector but also crypto. FIWA is an important governance Token in the DeFi Warrior ecosystem, which in the future will play a vital role in the Crypto Metaverse.

Read more: https://defiwarrior-1.gitbook.io/defi-warrior/burning-tokens

We will continue to create good products and policies to support the value of FIWA as well as the benefits of our token holders.

Sincerely,

DeFi Warrior Team.

DEFI x NFT — THE FIRST CRYPTO CHARACTER & CRYPTO GALAXY GAME.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How To Create A New WAX Account Using Your Ledger

0x at ETHNewYork

Is it the End of the NFT Era?

This post is written by Nils-Julius Byrkjeland the Founder of Bancc.

Weekly Bitcoin Technical Analysis (July 5th, 2021)

Smart Contracts

KLAY airdrop to KLAY-XRP liquidity pool!

Crypto Future Looks Bright

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DeFi Warrior

DeFi Warrior

DEFI x NFT — THE FIRST CRYPTO CHARACTER & CRYPTO GALAXY GAME.

More from Medium

How did we successfully launch our 2nd NFT drop?

CipherShooters: Q1 Vision

PolyDoge x Dogira: Growing the Ecosystem

MoonieNFT — 3rd and 4th P2E Leaderboards TOP 100 Winners!