About Arker Token Burning

ArkerOfficial
2 min readApr 10, 2024

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Introduction

As many of you may already know, the Arker ecosystem has undergone a major upgrade with the recent change from the FoA token to the ARKER token. While the FoA token was originally designed to perform token burns, the ARKER token was conceived without this purpose. However, with the recent exchange, we have made the strategic decision to perform a series of selective burns over time, improving his strategic value.

As a result, the ARKER token — with a fixed total supply of 2 billion tokens — will now benefit from these token burns, ensuring a gradual reduction in its supply over time.

How

Every time a user performs certain actions in the Arker ecosystem, for example market activities like buying and selling items or breeding pets, these transactions generate a fee that is received by the platform. So the procedure will consist of burning 50% of the ARKER tokens collected as a result of the commissions collected from the use of the platform on a burn each quarter.

This essentially translates to the fact that as the Arker ecosystem continues to prosper and grow, the token burning mechanism will actively contribute to the gradual reduction of ARKER tokens, thus potentially increasing their value over time. By aligning the token burning process with fee collection, we are not only increasing the intrinsic value of the ARKER token, but also fostering a sustainable economic model within the ecosystem.

Conclusion

In summary, the introduction of burning in the ARKER token is an important step forward in its evolution. By taking advantage of fees collected within the ecosystem, we are ensuring a continued reduction in token supply, further creating a compelling value proposal for ARKER token holders. We are excited about the possibilities this offers and look forward to the positive impact it will have on the Arker ecosystem as a whole.

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