Token Burn Schedule
To support long-term sustainability and drive value for the LBLOCK ecosystem, we’ve implemented a milestone-based token burn schedule designed to reward growth and community engagement. The total planned burn amounts to 10% of the current LBLOCK supply, triggered progressively as key ecosystem milestones are achieved.
Burn Milestones
🎰 500 active players using LBLOCK in the Lucky Block casino
2.5% of total supply
👥 7,500 unique LBLOCK token holders
2.5% of total supply
💸 $100,000,000 LBLOCK wagered across our casino platform
2.5% of total supply
📈 LBLOCK reaches a market price of $0.001
2.5% of total supply
This dynamic burning schedule is designed to:
Incentivize community and platform growth
Encourage broader token adoption and utility
Create long-term value for LBLOCK holders through supply reduction
Token burns will be executed through a buy-back and burn mechanism, where tokens are first repurchased from the open market as has been done. This approach aligns our burn schedule directly with ecosystem growth, while reinforcing price support through consistent market activity.
Our strategy involves continued ongoing buybacks, which will allow us to accumulate LBLOCK into a dedicated reserve. These accumulated tokens will then serve as the basis for milestone-triggered burns, ensuring a transparent and value-driven reduction in total supply.
To maintain full transparency, key performance metrics — including active player counts & LBLOCK wagering volume — will be publicly displayed in our Lucky Block casino dashboard. This dashboard will serve as a live tracker for the community, showcasing our commitment to openness and the real-time impact of platform activity on LBLOCK's deflationary model.
As each milestone is hit, the corresponding burn will be executed transparently and announced to the community.
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