I. Basic Information About $TOX
$TOX is the native token of the INTOverse ecosystem, with a total supply of 10 billion tokens. It plays a crucial role in scenarios such as social mining and node mining. In order to maintain the long-term value of $TOX, INTO will officially launch a unique and comprehensive burning mechanism on May 3, 2024.
II. $TOX Allocation Plan
1.Social Mining: 1 billion tokens (10%), released linearly over 3 years
2.Node Mining: 6 billion tokens (60%), released linearly over 3 years
3.Ecosystem Fund: 1.5 billion tokens (15%), all burned
4.Exchange Fund: 300 million tokens (3%), used to support DEX and CEX liquidity
5.Promotion Fund: 200 million tokens (2%), incentive for new users
6.Early Bird Round: 100 million tokens (1%), already completed
7.Team: 800 million tokens (8%), all burned
8.Advisors: 100 million tokens (1%), all burned
III. $TOX Burning Mechanism
1.Total Burn: Shares from the ecosystem fund, team, and advisors, totaling 2.4 billion tokens, are all to be burned
2.Social Earnings Burn: INTO will burn an amount of $TOX corresponding to the daily output of $TOX.
3.Social Node Burn:
The maximum burn limit for each account (including new and old accounts) purchasing social node $TOX is 100,000 tokens, including reinvestment.
When a user purchases nodes, the platform simultaneously burns the corresponding amount of $TOX until the account’s accumulated burn reaches the 100,000 token limit.
4.Ecosystem Circulation Burn:
In the Web3 game Phatom Arena, $TOX serves as both a ticket and gas fee, leading to substantial consumption.
On-chain “iQiyi,” using $TOX for monthly subscriptions to watch movies and TV shows, with 20% used for destruction.
In the Star Plan 2.0, only $TOX on the BSC chain is supported, and the project team and community will buy a large amount of $TOX on exchanges.
It is estimated that within 2024, $TOX will be successfully implemented to hundreds of ecosystems across web3.
5. Further $TOX Burn:
The introduction of features such as avatars, NFT malls, live broadcast rooms, and on-chain malls in the INTOverse ecosystem will bring about demand for $TOX, leading to further consumption and reduction in supply.
IV. $TOX’s Deflationary Effect and Value Potential
Through the multi-layered burn mechanism described above, $TOX will ultimately be reduced from 10 billion tokens to 21 million tokens, significantly increasing its scarcity. As of now, 675,626,793.9 tokens have been burned, with burn data being recorded on-chain in real time and accessible through the INTO APP at any time.
INTO firmly believes that the intrinsic value of a token is the fundamental factor determining its price. With the continuous advancement of the burn mechanism, $TOX’s scarcity will continue to increase, ensuring strong protection for the token’s long-term value.
In 2023, $TOX successfully landed on several major global exchanges; in 2024, INTO will continue to support $TOX’s listing on more exchanges, aiming to list on the world’s largest digital asset exchange Binance and continuously enhance $TOX’s global influence.
As a native token with significant deflationary properties, $TOX is expected to become a new favorite in the digital asset field in the near future, attracting more attention from users and investors.
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About INTOverse
INTO is a pioneering Web3 social protocol, leveraging blockchain and AI technology. It offers features such as crypto wallets, SocialFi, the SoulBound Token (SBT), AI tools, and more. INTO’s mission is to create a globalized Web3 social network, fostering an open, free, engaging, compatible, and secure communication environment for users worldwide.
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