🔥Burning Mechanism

Burning tokens reduces the supply, making them more scarce. Because of the scarcity, prices may rise, resulting in a profit for investors. Since we have a Buy & Burn Mechanism, it also involves a buying process.

For example, when someone deposits into the Farm, 4% of the deposit amount is used to buy GYMNET tokens and burn them.

That way add constant buy pressure while reducing the total supply which has a long term stabilizing effect for the price of GYMNET.

A powerful set of deflationary mechanisms is built into the protocol to ensure the long-term stability of GYMNET’s price.

Immediate buy and burn:

Percentage	GymNet Token Stability program - Buy and burn	Token	Time frame
3%	Sell Taxation CEX & DEX	Gymnet	Manually
3%	Buy Taxation CEX	Gymnet	Manually
4%	Farms deposit (mandatory)	BNB, BUSD→GYMNET	immediate
8%	Initial land sales (GYMSTREET)	BUSD→GYMNET	immediate
8%	Initial land upgrades (GYMSTREET)	BUSD→GYMNET	immediate
8%	Initial miner sales (GYMSTREET)	BUSD→GYMNET	immediate
8%	Initial aesthetic NFTs sales (GYMSTREET)	BUSD→GYMNET	immediate
1%	Royalties (GYMSTREET)	BNB, BUSD→GYMNET	immediate

Altogether, the buyback and burn program can generate thousands of dollars’ worth of demand for GYMNET monthly even in the early stages. The goal is not to pump the GYMNET price but rather to keep it stable or growing at a stable slow rate, regardless of the market conditions; thus the important role of the linear buybacks.