THE FIRST ALTCOIN That Became Deflationary On Its First Year Of Existence 馃く馃憞
$SWEAT , the top move to earn web3 project followed by $GMT , has obtained a rare achievement in the crypto world! In fact, it is the first project that got deflationary Tokeneconomics during its first year of existence! Thanks to its team and community, SWEAT implemented several deflationary mechanisms in a short time. These contribute on burning around 5.88 billion from July to now (graphic below). That's a massive achievement that in my opinion outlines the team/project's commitment to sustainability and its innovative approach to tokeneconomics! But what are these deflationary mechanisms they implemented? Inactivity fee, evaporation fee, transactions fee, rewards fee, voting fee and NFT game fee. All together contributed on decreasing the token emissions! From my point of view, this is definitively an altcoin that worth monitoring!
STAY TUNED! 馃挭 DYOR 馃檹
- Note that I'm a project enthusiast and that's not a financial advice!
