Fibon Document
  • Abstract
  • Introduction
    • Problem Statement
    • Solution Overview
    • Advantages
    • Goal
    • Links
  • Architecture
    • Decentralized Indexing Network
    • Load Balancing and Redundancy
    • API Customization and Flexibility
    • Scalability and Performance
  • Features
    • Indexed Data Layer
    • Lightning-Fast APIs
    • Developer-Friendly Framework
    • Easy Deployment and Management
    • Seamless Integration with dApps
  • Use Cases
    • DeFi Platforms
    • NFT Marketplaces
    • Gaming dApps
    • Supply Chain Management
    • Identity Verification Systems
  • Tokenomics
    • FIB Token
    • Token Burning
    • Indexer Rewards
    • Integration Incentives
    • Distribution
  • Governance
    • Fibon DAO
    • DAO Treasury
    • Decentralization and Transparency
  • Roadmap
    • Roadmap
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  1. Tokenomics

Token Burning

To maintain the value of FIB tokens and incentivize long-term holding, a portion of the transaction fees generated from accessing the indexed data can be used for token burning. This process involves permanently removing a certain percentage of FIB tokens from circulation, reducing the token supply and potentially increasing the value of the remaining tokens.

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Last updated 1 year ago