Burn Mechanism
Last updated
Last updated
LYKA employs a unique burning mechanism. How?
There are specific situations where we Burn and Resupply tokens from and to the Reward Wallet.
We have two simple examples of this, and you will love them.
Upgrading skills and Purchasing equipment in ClashingBlades costs LYKA
LYKA is a token on the Blockchain, not a virtual currency.
Every time you spend LYKA in-game, the tokens go to a wallet designed to burn LYKA once every x days.
Example FlowChart for those interested
We have a reserve for P2E that we unlock when the Reward pool is low on funds.
ClashingBlades likes fees, and Ethernia is in love with them.
On each withdrawal attempt, a fee is taken from tokens is sent to the Reward Pool; think of it as a way of giving back to the community.