$MANGA Burn Strategy: A Treasury-Centric Approach

Lara
Manga Token
Published in
3 min readJan 10, 2024

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We are thrilled to introduce the revolutionary $MANGA Burn Strategy, a treasury-centric approach that aims to redefine the dynamics of our token and foster long-term sustainability. Innovation is key in the fast-evolving world of cryptocurrencies and decentralized finance (DeFi), and our team is proud to be at the forefront of this groundbreaking strategy.

We currently have a substantial amount of $MANGA, precisely 8,978,168,528, in our possession. We plan to burn 998291075.3 $MANGA systematically every 15th of the month. All the $MANGA for this purpose will be consolidated into a reserved address from where the burning process will be executed.

This is about 40% of our token, which we intended to use, but the economics didn’t help our case, so we intended to burn it.

The Vision:

The $MANGA burn strategy sets itself apart by implementing a unique protocol: all remaining tokens will be held in the project’s treasury every month until the designated liquidity withdrawal date, scheduled for October 2, 2024. This innovative approach aims to create a controlled and sustainable model for reducing token supply, thereby increasing scarcity and potentially increasing demand.

Key Features:

  • Treasury-Centric Model:

The central tenet of the $MANGA burn strategy is allocating remaining tokens into a treasury, serving as a reserve until the liquidity withdrawal date. This model instils confidence in the community by demonstrating a commitment to long-term sustainability.

  • Controlled Burns:

The team behind $MANGA recognizes the importance of controlled and strategic token burns. A schedule will govern the amount of tokens burned each month, ensuring a balanced reduction in supply and preventing drastic market fluctuations.

  • Liquidity Withdrawal Date:

October 2, 2024, marks a significant milestone in the $MANGA burn strategy. On this date, the tokens held in the treasury will be gradually withdrawn, contributing to liquidity and potentially offering investors new opportunities. This clear timeline provides transparency and sets expectations for the community.

Community Involvement:

The $MANGA burn strategy emphasizes community engagement. Token burns and treasury management decisions will be made collaboratively, with input from the community. This inclusive approach ensures a democratic governance structure and fosters a sense of ownership among $MANGA token holders.

Benefits:

Reduced Token Supply:

Gradual token burns aim to reduce circulating supply, contributing to increased demand and potential price appreciation.

Market Stability:

Controlled burns and a well-defined liquidity withdrawal date contribute to market stability, reducing the likelihood of sudden and unpredictable fluctuations.

Community Confidence:

Transparency and community-oriented decision-making instill confidence among $MANGA holders, fostering trust and loyalty.

Long-Term Sustainability:

The treasury-centric approach demonstrates a commitment to long-term sustainability, aligning the project’s interests with its community’s.

Conclusion:

The $MANGA burn strategy introduces a treasury-centric paradigm aligned with innovation, transparency, and community engagement. As we unveil the schedule for controlled burns and approach the liquidity withdrawal date, $MANGA token holders can anticipate a journey characterized by stability, scarcity, and sustained value. This groundbreaking approach could pave the way for similar strategies in the broader crypto space, setting new tokenomics and community involvement standards.

Once everything had been burned and the liquidity was removed, our Focus was entirely on MangaFi growth. Right after, Manga Token will no longer be supported.

Stay tuned for a future marked by innovation and long-term prosperity Manga Army!💰💰💰

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