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Burning Mechanism
How HUNNY Supply Is Reduced Without a Hard Cap
The team aims to make deflation higher than emission by building deflationary mechanisms into Hunny's products. The goal is for more $HUNNY to leave circulation than the amount of $HUNNY that's produced.
Reducing $HUNNY Emissions
By reducing the amount of $HUNNY minted, it slows down inflation. As the price of $HUNNY increases, we can reduce the emission rate. Currently, the emission is at 5000 $HUNNY per 1 $BNB collected and this number would be reduced accordingly. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
Deflationary Mechanisms
Regular token burns are built into many of Hunny's products (like 5% of the winnings from each HunnyLottery will be burned), with more on the way.
Farming Hives
Performance fee collected from the rest of the farming hives will be used to buy back $HUNNY in which 80% of $HUNNY will be burned and 20% will go to the HunnyLottery.
HunnyPlay
Earnings collected via HunnyPlay will be divided into 3 portions; 40% goes to HunnyJar; distributed amongst BumbleBee and HunnyBee, 20% goes to the burning address and the remaining will be used to cover any cost/expenses.
HunnyPoker
A 5% of rake will be collected from HunnyPoker, where 2% goes to the development team; 2% goes to HunnyJar; distributed amongst BumbleBee and HunnyBee and 1% goes to the burning address.
HunnyLottery
10% of $HUNNY collected from HunnyLottery will be divided into 3 portions; where 3% will go to the development team; 2% goes to HunnyJar; and 5% goes to the burning address.
Last modified 6mo ago