π¨ Have u onboarded the
$AVXTO Flywheel yet fren? πππ
Probably our biggest advance tokenomically speaking!
Community has decided to burn the 3B AVXTO treasury π₯π₯π₯
If we burn it all at once,
@avaxto would earn a bazillion Moats points and would swamp all other participants. 80% rewards or more would boomerang back to AVXTO itself.
So we came up with a mechanism that'll be fair, progressive and which will compound value for everyone. Here's how it'll work.
The
$AVAX rewards from
$PHAR will be distributed on Thursday. Moat participants earn their proportional share.
We will then burn the
$AVXTO equivalent worth of
$AVAX every time rewards are distributed!!!
That way, we're injecting
@avax and burning
$AVXTO at the same rate, so it's not enriching the
@avaxto account, but instead it's adding the equivalent AVAX value to AVXTO by drying up supply. You can probably figure out where this goes in a few months π
As long as
$PHAR keeps printing,
$AVXTO flywheel will spin faster and faster, adding the equivalent amount of AVAX to the momentum each time!!
LFG!!! πππ
