[MNR] MNR Token Burning [13rd]

MineralHub
Mineral Hub Official Blog
2 min readMay 2, 2024

We’re happy to announce the details regarding the 13rd round of Token burn.

The burning will occur monthly, for Five Stars and Mineral Hub.

[Burning criteria]

1. Mineral Hub Marketplace

1–1. 100% of the accrued MNR in the Mineral Hub marketplace will be burned.

2. Five Stars

2–1. 100% of the accrued Star Crystals in Five Stars Marketplace will be burned using MNR tokens.

[Post-burn Token Metrics]
Total Supply : 9,868,554,453.55
Circulating supply : 8,579,903,756.55

[Origin list]

1. Mineral Hub — MNR

- Marketplace Fee

- NFT Character Minting

2. Five Stars — Star Crystals

- Marketplace fee (5%)

[Amount Burned]

1. Mineral Hub

1–1. Period : April 1, 2024 to April 30, 2024 (UTC+0)

1–2. Burn Amount : 165,520.175 MNR

2. Five Stars

2–1. Period : April 1, 2024 to April 30, 2024 (UTC+0)

2–2. Burn Amount : 1,263,799 MNR

[Burning Schedule]

1st Burn (Completed)

- June 1, 2023
- 5,951,242.925 MNR

2nd Burn (Completed)

- July 3, 2023
- 5,951,241.925 MNR

3rd Burn (Completed)

- August 1, 2023
- 5,951,241.925 MNR

4th Burn (Completed)

- September 1, 2023
- 2,815,638.8875 MNR

5th Burn (Completed)

- October 2, 2023
- 14,351,794 MNR

6th Burn (Completed)

- November 1, 2023
- 16,030,339.9375 MNR

7th Burn (Completed)

- December 1, 2023
- 12,872,528.175 MNR

8th Burn (Completed)

- January 1, 2024
- 26,529,883.3875 MNR

9th Burn (Completed)

- February 1, 2024
- Total : 18,023,097.075 MNR

10th Burn (Completed)

- March 1, 2024
- Total : 14,691,888.7625 MNR

11st Burn (Completed)

- April 1, 2024
- Total : 1,146,715.425 MNR

12nd Burn (Completed)

- May 1, 2024

- Total : 2,369,404.625 MNR

13rd Burn

- June 1, 2024

- Total : 1,429,319.175 MNR

[Burn Address]

0xAEF41e2f712cf67ca5Cd73b131dFD44F4797d06D

[Five Stars Star Crystals Reward FAQ]

1. The maximum amount of Star Fragments (crystals) that can be obtained in Five Stars is limited by the total issuance of MNR.

2. By utilizing the Token supply within the Mineral, Five Stars implements a Token distribution plan with a maximum cap of 1 billion tokens.

3. The amount of Star Fragments (crystals) obtained through rewards in Five Stars is limited.

[Deposit/withdrawal address]

0x9dc2A5ede7593A83DdeB5C5b944f744abC96EB5B

--

--

MineralHub
Mineral Hub Official Blog

We are the "MineralHub" who create the mobile game and provide the services.