Repurchase and Burn
Deflationary Mechanisms
The design of a Deflationary Mechanism is to align with MODO holders' interests and incentivize user engagement. The current MODO Deflationary Model is embedded in three places: Mint, Swap and, Raffle.
Mint (New)
Effectively on Nov 2nd, 2021. 8.92 MODO per block of 18 MODO per block minted will be burned according to the MODO OutPut Adjustment Amendment:
Swap
There is a trading fee of 0.3% for every swap, from which 0.06% will be sent to a designated address for MODO repurchase and burn.
At the moment, tokens gathered in the designated address will be burned manually and timely.
Raffle (Not Yet Live)
5% of the prize pot from each round will be burned.
We will publish the token burn address.
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