The blockchain never lies. The uDoo, the token of the Howdoo blockchain, has started its deflationary cycle. The decision to move to a deflationary token model was taken at the end of last year and this decision represents the optimal long-term strategy for our current and future token holders.
Starting from today, those uDoos you own start becoming more rare. Just as demand for nodes increases and as the Hyprr platform prepares to launch, the supply of uDoos will continue to diminish.
Since its inception, the Howdoo blockchain has been inflationary (5%) per year; however today we started the process of migrating to a deflationary cycle.
The deflation process has started
We have already started the deflation process and have burned more than 45,000,000 uDoos today alone. Furthermore, some exciting new features will be added to the Howdoo ecosystem that will play a role in gradually and further decreasing the uDoo supply over time.
The updated token model detailing the deflationary impact on the uDoo tokenomics, further details on future token burns and more will be revealed in a dedicated article next week.
It promises to be an illuminating read and it is part of a much larger picture that we have in store for you all. Make sure to keep an eye on our social media channels for the latest updates.
- Follow us on Twitter —
https://twitter.com/howdooHQ
https://twitter.com/hyprrofficial - Join the Telegram Official Announcement Channel —
https://t.me/HowdooHQ - Join the Telegram Community Managed Discussion Group —
https://t.me/Hyprrcommunity
