Elastos, a prominent Web3 infrastructure provider, has successfully concluded a $20 million investment round led by Rollman Management Digital, a global investment network known for its early support of blockchain projects like Ripple and Ethereum. This significant funding positions Elastos among Rollman’s top five holdings. In the second quarter of 2024, Elastos introduced its DeFi […]
PERIODIC BURNING
A percentage of transaction fees from manual arbitration operations, in addition to the full amounts from License purchases for operations in the automatic arbitration system, will be used to burn Clash Hub Coin tokens. This will accelerate burning, decrease supply, and increase scarcity of the token.
100% of tokens converted to USDT during withdrawals from the staking system, arbitrage system and flash loans will be burned, promoting a continuous decrease in the total supply.
OBJECTIVE OF BURNING
Reduce 90% of the total supply over 1 year through periodic burning and conversions of staking rewards and token affiliate system into USDT. 90% of the supply will be burned, equivalent to 900 million tokens at a price of $0.01, corresponding to 9 million dollars in transaction volume. Then the current model of the affiliate system will conclude and the token will be launched in the public sale phase after the full burning of 90% of the supply.
Total supply of tokens will be burned and released on DEX`s for public sale at a price of $0.02, doubling the capital of Clash Hub Coin Token holders.
