πͺTokenomics
Last updated
Last updated
While the One80 token will be a deflationary token to ensure scarcity and increase the token's value potential over time, token supply reductions will be transparent and well-communicated to avoid confusion or concerns among token holders after the release of 1,000,000,000 is fully issued. Additionally, the success of our token deflation strategy will depend on various factors, including market dynamics and user adoption.
Our method for achieving token deflation will be through a token burn mechanism, One80 tokens will be intentionally destroyed or removed from circulation. This reduction in the total supply of tokens makes the remaining tokens more scarce, which can lead to increased demand and potentially drive up One80 token value.
One80 will implement a buyback program, we will use a portion of our revenues to buy tokens from the open market and burn the purchased token supply.