WEMIX3.0
NILE (ENG)
NILE (ENG)
  • What is NILE?
  • DAO
    • DAO
    • Introduction to Neith Protocol
      • Station
      • Obelisk
      • Treasury
      • Governance
      • Trust
      • Incinerator
      • Creator
  • Life
    • Featured Life
    • NFT Project
    • DApp Project
  • Marketplace
    • NFT Marketplace
    • Offering
    • Trading
  • NFTFi
    • NFTFi
    • Borrow
    • Lend
  • Tokens
    • Token on NILE
  • GUIDES
    • Getting Started
      • How to create wallet
      • How to connect wallets
    • Marketplace
      • Participate in English Auctions
      • Buy Now
      • List NFT for Sale
      • Make Offer
      • NFT Ownership Transfer
      • View List of Owned NFT
    • NFTFi
      • Apply for Borrow
      • Manage Borrow
      • Repay Borrow Amount
      • Bid on Lend
      • Manage Lend
      • Receive Repayment
      • Transfer NFT Ownership
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  1. DAO
  2. Introduction to Neith Protocol

Incinerator

The value of DAO Token increases by burning a part of DAO Tokens.

The Incinerator takes the role of purchasing DAO Tokens in circulation using DAO profits, burning purchased tokens, and sending them to the Staking Pool. solutions have been utilized to the purchase of DAO Tokens to execute it occasionally, so that the cycle and quantity involved is difficult to predict.

With the work of the Incinerator, the circulating supply is reduced with the burning of tokens; however, an amount of DAO Tokens that amounts to less than the amount burned is distributed to the Staking Pool to create profits for participants of Governance. As a result, this leads to two different value-increasing effects: the value of DAO Tokens increasing due to the decrease in supply of DAO Tokens, and the distribution of DAO Tokens to the Staking Pool increasing the value of Governance Tokens.

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Last updated 2 years ago