🥩Staking and Forms of Staking

Burning System in Alternates

1. Transaction-Based Token Burn:

   • A percentage of $ALT tokens spent on in-game transactions, such as purchasing NFTs, chests, or loot boxes, will be burned. These tokens are permanently removed from circulation, reducing the overall supply of $ALT over time.

2. Marketplace Burn:

   • When players trade or purchase items using $ALT in the in-game marketplace, a small portion of each transaction will be burned, helping to stabilize the economy and control inflation.

3. Event Entry Fees:

   • In events or tournaments that require an $ALT entry fee, a portion of the collected fees will be burned, further limiting token supply and adding value to the tokens in circulation.

4. NFT Collection Sales:

   • A percentage of the revenue earned from official Alternates NFT collection sales will be allocated for burning. This ensures that as the game expands and more NFTs are sold, the supply of $ALT is continuously reduced, supporting token sustainability.

5. Emergency Burning from Treasury:

   • A portion of the game's treasury will be set aside for emergency burning. This mechanism allows the team to burn tokens in exceptional circumstances to maintain the balance of the in-game economy if required, acting as a safeguard to prevent sudden inflationary pressures.

This multi-faceted burning system ensures that $ALT maintains long-term value while creating a sustainable and balanced in-game economy.