$RAB TOKEN BURN QUARTERLY SCHEDULE. Rabbit has a quarterly #Burn plan.
12 Mar 2023, 13:06
š„ $RAB TOKEN BURN QUARTERLY SCHEDULE
Rabbit has a quarterly #Burn plan. We will use 40% of the profits from the wallet to buy back $RAB on the market and Burn. The Burn will be on the 10th of the first month in each new quarter starting when the RABBIT wallet is profitable.
ā What is Burn?
Token burn is a process used to decrease the total number of Tokens available within the Rabbit system. When Tokens are burned, they are permanently removed from circulation and do not belong to any account.
It's important to note that Rabbit token burn is not a fee or tax, and the Rabbit team does not benefit from this activity. Rather, token burn serves the community's interests by preventing actions that could harm the system and ensuring the Rabbit ecosystem remains healthy.
The value of Rabbit Tokens can increase over time because they are finite and accumulate. By reducing the total supply through token burn, the value of each remaining Token may increase, providing greater value to token holders.