Burning Mechanisms
Last updated
Last updated
In order to increase the value of the $BEE token over a long-term period, the system must be deflationary: The graph below models the evolution of the number of burned tokens over a 10-year period. It highlights the deflationary components of this model, allowing more tokens to be burned than minted.
• For every property purchased, 1,000,000 tokens will be burned.
• For each NFT minted, 15% of the tokens will be burned.
• For each night booked, 15% of the tokens will be burned.
• The GLOBEES vacation rental platform will burn 15% of the tokens used for payment of stays.