Buy&Burn Mechanism

Buy&Burn Mechanism

Buy&Burn Mechanism

The Buy&Burn mechanism operates on the principle of selling NFTs, where the funds collected are distributed as follows:

• 20% of the funds are used to buy back tokens from the market and immediately burn them.

• 30% of the funds are allocated as TON Token compensation, proportionally divided among team members.

• 10% is allocated to the creators and for the work involved in creating the NFTs as well as for fees.

• 25% of the funds are designated for promotions and events.

• 15% of the funds form the project's reserve.

This structure contributes to the continuous liquidity of the Token and the entire project. In the long run, with the adoption of the TON network and the growing popularity of TON SHIP, it could become a significant deflationary mechanism for the Token.

• Taxation on Primary Market NFTs

NFTs from the primary sale will be taxed at 10%, which also contributes to the Buy&Burn mechanism.

• Future Phases of NFTs

The potential of our project and the NFTs being created is enormous. The first collection focuses on treasures with varying rarity levels, from Common to Mythical. Future phases will cover a variety of themes: from ships, Pirate and Royal Guard characters, to limited editions, and many more aspects we cannot currently disclose

• When will the Buy&Burn mechanism be applied?

The Buy&Burn mechanism will be applied for purchasing tokens at low points, so that as many tokens as possible can be burned at a relatively low cost, and after all events such as Airdrops which may result in the recipients selling off their tokens.

In near future, we would like to introduce a Buy&Burn Treasury Counter so that everyone is aware of the increase and how much is currently in the Treasury for this mechanism