Burn scenarios
Use Cases for Burning $WAYRU Tokens.
This section outlines the scenarios where $WAYRU tokens are burned and permanently removed from the total supply. As each use case expands, more tokens are burned, increasing the overall burn velocity due to the token's burn and mint model.
Data Consumption: Users pay for premium data usage with $WAYRU tokens, leading to token burning as data usage increases. Higher network data usage results in a faster burn rate.
Onboarding: Hotspot activation fees involve burning $20 USD in $WAYRU tokens for each new hotspot integrated into the Wayru network.
Hotspot Delegation: Whenever a Managed Hotspot is delegated to a Deployer, 10 USD in $WAYRU tokens are burned.
Host Assigning: Whenever a Hotspot is assigned to a Host, 5 USD in $WAYRU tokens are burned.
Advertising: Advertising fees are paid in $WAYRU tokens. As the advertising network expands, more tokens are utilized and burned, increasing the burn velocity.
Ownership Transfer: Transferring digital assets within the platform continuously burns tokens, with the burn rate amplifying as more assets change hands.
New Hardware: To enroll new devices compatible with the Wayru Network, $WAYRU tokens get burned. This shows commitment from builders and developers.
dApps: Developers pay fees in tokens to maintain their applications on the $WAYRU ecosystem. The token burn rate surges as more applications are released and more developers join. EXTRA (not burning)
Staking: When users stake their tokens, they lock them up, reducing the circulating supply. Although this cannot be considered burning, the circulating supply still diminishes.
The burn and mint model ensures a constant reduction in token supply as the ecosystem's usage and functionality expand, ultimately leading to a higher velocity of token burn.
Last updated