Token Burn
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™ here.
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™.
Secondary Source: Represents OURO purchased from the OURO-USDC Liquidity Pool with 2% of the vEGLD accumulated each cycle by the IGNIS.Protocol™.
Tertiary Source: Represents the OURO accumulated by creating IGNIS.Batches™ in the IGNIS.Protocol, which are created by deliberately burning OURO.
Quaternary Source: Represents the OURO burned as part of Snake Tokenomics, which consists of two parts:
OURO burned as part of AURYN Uncoil Fees
OURO burned when making DOVA.
Quaternary OUROBOROS Burn Source, from Snake Tokenomics
OUROBOROS burned as part of AURYN Uncoil Fees has been detailed here.
OUROBOROS burned when creating YIN/YANG-DOVA was detailed here as the Injection Component.
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