Scarcity
Eldarune employs a strategic burn mechanism to control the scarcity and maintain the value of both ELDA tokens and NFTs
Strategic Burn Mechanism
Eldarune employs a strategic burn mechanism to control the scarcity and maintain the value of both ELDA tokens and NFTs. A portion of ELDA tokens generated from various in-game activities such as purchases, upgrades, and competition entry tickets (WoE, HoE, Journey, Rush) are permanently removed from circulation. Specifically, the Journey game mode is designed to reward players while also contributing significantly to the token burn, ensuring a balanced and sustainable ecosystem.
Token Burn
The token burn mechanism ensures that as the game's popularity increases, the supply of ELDA tokens decreases, thereby increasing their value. This deflationary model supports the long-term value proposition of the ELDA token, making it a sound investment for players and stakeholders alike. So far, more than 10 million ELDA tokens have been burned. Proof of work: https://x.com/PlayEldarune/status/1688954184849141762 https://x.com/PlayEldarune/status/1738134180565803210 https://x.com/PlayEldarune/status/1695132289108177180
NFT Burn
In the Eldarune ecosystem, NFTs can be burned in several ways to maintain their scarcity and enhance their value:
Upgrading NFTs: This process requires two identical NFTs and an upgrade fee to obtain higher-level items. By burning the original NFTs, players can enhance their assets, making them more powerful and valuable.
Starting Journeys: Players can embark on Journeys to obtain better NFT items or ELDA token rewards. However, this involves risking their NFTs with a chance of burning them. This game mode is entirely designed to control scarcity in a fun and rewarding way, ensuring that the ecosystem remains balanced and engaging.
By strategically burning NFTs through these mechanisms, we ensure that the remaining assets retain their rarity and desirability, providing a robust economic foundation for the Eldarune ecosystem.
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