INFERNO utilizes a unique tokenomics model with $TITANX to mint deflationary $INFERNO tokens over eight weekly cycles, leveraging web3 for a sustainable deflationary economy.
INFERNO implements a deflationary token model in a series of eight weekly minting cycles using $TITANX to mint $INFERNO tokens. Each 24-hour cycle initiates a liquidity pool creation upon reaching 50 billion $TITANX, triggering a 90% buy and burn, minimizing total supply.
INFERNO implements a deflationary token model in a series of eight weekly minting cycles using $TITANX to mint $INFERNO tokens. Each 24-hour cycle initiates a liquidity pool creation upon reaching 50 billion $TITANX, triggering a 90% buy and burn, minimizing total supply.
The main purpose of the INFERNO project is to create a deflationary token model through a systematic minting and burn cycle. This mechanism uses $TITANX tokens to mint $INFERNO over a span of eight 24-hour mint cycles. By incorporating a 90% buy and burn strategy once 50 billion $TITANX tokens are collected, INFERNO aims to reduce the token supply to encourage scarcity and potentially increase the token's value.
Minting $INFERNO involves using $TITANX tokens across eight 24-hour cycles that start every Friday at 2pm UTC. After each mint cycle, participants can claim their newly minted $INFERNO tokens. Once 50 billion $TITANX tokens are collected, a liquidity pool is formed, triggering the buy and burn mechanism, which contributes to the deflationary aspect of the token.
INFERNO's deflationary token model offers several benefits, including a strategic reduction in token supply through a buy and burn mechanism, which can increase scarcity and potentially enhance token value. This unique economic model engages the community in an ongoing cycle that might sustain or appreciate the token's value over time, leveraging web3 functionalities.
INFERNO distinguishes itself in the Ethereum ecosystem with its distinctive deflationary token model, utilizing a systematic minting and burning process. Unlike typical inflationary models, INFERNO's model reduces token supply strategically, potentially driving value up. The use of a liquidity pool and a buy and burn mechanism sets it apart from projects that do not emphasize scarcity.
INFERNO is relevant in the NFT and Ethereum spaces as it introduces an innovative deflationary token model that leverages blockchain technology to enhance token scarcity and value. By integrating with the Ethereum ecosystem, INFERNO supports decentralized finance principles and offers community-driven engagement through structured minting and burn cycles, aligning with the ever-evolving web3 landscape.
If you experience issues claiming your $INFERNO tokens, check your connectivity to the Ethereum blockchain and ensure you are interacting with the correct smart contract address. Verify that the mint cycle has completed and that you are attempting to claim within the stated time period. If the issue persists, consult the INFERNO project’s community resources or technical support for further assistance.
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