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Continuous Burning Mechanism
JUN Meta focused on the Continuous Burning Mechanism.
We will strive to continuously create different ways to burn tokens in a stable way and continue to elevate our game with users.
JUN and JUNC(used to Mint and Enchant NFT, and buy items in JUNC Shop) are burned through below methods.
- 1.Part of used JUN and JUNC are immediately burned. - JUN : 10% of burned JUN are issued and distributed to users locked-up in JUNS Staking.
- 2.Price Stabilization Mechanism - If user uses JUN, we use specific amount of JUN to purchase JUNC and immediately burn the rest. - If user uses JUNC, we use specific amount of JUNC to purchase JUN and immediately burn the rest. - JUN Meta brings stability to the algorithm through this mechanism.
- 3.DEV Fund - Part of User-used JUN and JUNC are utilized for development fund.