StocksFC — Shareburn
A detailed look at the StocksFC Shareburn feature.
Welcome to the fourth article in my ‘StocksFC’ series. The subject of this article is the shareburn feature that StocksFC will use which I think is one of the best features on the platform.
What Is Shareburn?
When a StocksFC user purchases shares from the Transfer Market 1% of the shares they purchase get destroyed during the process. These stocks are permanently destroyed making the supply of every player on the platform deflationary. This increases the possible reward payout for each player over time.
For example — If I buy 100 Harry Kane shares from another user on the Transfer Market then once the transaction completes I only end up with 99 shares in my portfolio because 1% gets destroyed.
The Purpose Of Shareburn…
Every player on StocksFC can start with a maximum supply of 100,000 shares. No more shares will ever be minted after that player has been IPO’d so the shareburn feature makes the supply of each player deflationary.
Over time this increases the player's intrinsic value as there are fewer shares in circulation. This means more rewards for those shares that are in circulation because the rewards will be split between fewer shares if…
