Demiourgos Library
Snake Tokenomics
Snake Tokenomics
  • Introduction
    • Ouroboros
    • Auryn
    • Elite-Auryn
    • Vested Tokens
  • OURO Supply
  • OURO Distribution ERDs
    • Branded SCs
    • TxTriggers
  • Snake Tokens Specifications
    • OURO Coil (Autostaking)
    • OURO Curl
    • AURYN Uncoil
    • AURYN Coil
    • Elite-AURYN Uncoil
  • Demiourgos Elite
  • DEEP™ Engine
  • Emission
  • Daily Issuance
    • [9%] Treasury
    • [10%] Shareholders
    • [3%] Developers
    • [3%] Raffles
    • [32%] Liquidity Farming
      • [22%] OURO Liq. Farming
      • [10%] Stables Liq. Farming
    • [15%] Autostaking
    • [15%] Subsidiary Staking
    • [5%] Snake Staking
    • [8%] VAULTs™
  • Kadena Daily Issuance
  • Burn and Recycling
    • Token Burn
    • Token Recycling
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  1. Burn and Recycling

Token Burn

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Last updated 1 year ago

Within Snake Tokenomics, there are four specific Burn mechanisms, and they all involve OURO. These mechanisms are directly tied to the IGNIS.Protocol™, as burned OURO is the source of IGNIS generation.

They were described as Primary, Secondary, Tertiary, and Quaternary OUROBOROS Burn sources for the IGNIS.Protocol™ .

  1. Primary Source: One-third of the allocation set aside for Raffles, equivalent to 1% of the daily emission, is burned directly as part of the IGNIS.Protocol™.

  2. Secondary Source: Represents OURO purchased from the OURO-USDC Liquidity Pool with 2% of the vEGLD accumulated each cycle by the IGNIS.Protocol™.

  3. Tertiary Source: Represents the OURO accumulated by creating IGNIS.Batches™ in the IGNIS.Protocol, which are created by deliberately burning OURO.

  4. Quaternary Source: Represents the OURO burned as part of Snake Tokenomics, which consists of two parts:

    1. OURO burned as part of AURYN Uncoil Fees

    2. OURO burned when making DOVA.

Quaternary OUROBOROS Burn Source, from Snake Tokenomics

OUROBOROS burned as part of AURYN Uncoil Fees has been detailed .

OUROBOROS burned when creating YIN/YANG-DOVA was detailed as the Injection Component.

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