Burning Process
BARK Burning Process
Definition and Purpose
Token Burning: The act of permanently removing tokens from circulation.
Purpose: To decrease the supply, which can increase the scarcity and value of the token. It also demonstrates the commitment of the project to long-term growth and sustainability.
Mechanism of Burning
Identification of Tokens: Tokens earmarked for burning include unclaimed tokens from airdrops, unused reserves, or those specifically allocated for burning.
Transfer to Burn Address: These tokens are transferred to a burn address, a secure location on the blockchain from which tokens cannot be retrieved.
Verification and Transparency: All burning transactions are publicly verified on the blockchain, ensuring transparency and community oversight of the process.
BARK Burning Strategy
Scheduled Burns
Regular Intervals: Burns are scheduled at regular intervals (e.g., quarterly) to systematically reduce the supply.
Community Voting: Some burns may be based on community votes, allowing token holders to participate in the decision-making process.
Event-Based Burns
Milestone Achievements: Burns are conducted when certain project milestones are reached.
Partnership Announcements: Burns might coincide with the announcement of new partnerships or significant project updates.
BARK Airdrop Campaigns
Unclaimed Airdrop Tokens: Campaign 1/2
Airdrop 1/2 Overview: During Airdrop, a significant number (2 * 184.460.000 = 368.920,000) of BARK tokens were distributed to early adopters and community members.
Unclaimed Tokens: A 166,163,330.74069846 portion of these tokens remains unclaimed.
Burning Unclaimed Tokens: Unclaimed tokens from Airdrop 1/2 will be collected after a predetermined period and then burned. This helps in reducing the supply and rewarding those who claimed their tokens early.
Unclaimed BARK Callback:
Benefits of Token Burning
Increased Scarcity: By reducing the total supply, each remaining token becomes more scarce, potentially increasing its value.
Increased Demand: As the token becomes more scarce, demand might increase, further driving up the token's value.
Project Commitment: Regular and transparent token burns demonstrate the project’s commitment to the long-term success and value appreciation of BARK.
Community Trust: The transparency and predictability of token burns can build trust within the community, as it shows a clear and consistent approach to managing the token supply.
Burning Schedule and Token Reduction
Here is a detailed table illustrating the quarterly burning schedule and the corresponding reduction in token supply:
Quarter
Total Supply (Before Burn)
Burn Percentage
Tokens Burned
Total Supply (After Burn)
Q3 2024
18,446,743,902.06
2.5%
461,168,597.55
17,985,575,304.51
Q4 2024
17,985,575,304.51
2.5%
449,639,382.61
17,535,935,921.90
Q1 2025
17,535,935,921.90
2.5%
438,398,398.05
17,097,537,523.85
Q2 2025
17,097,537,523.85
2.5%
427,438,438.10
16,670,099,085.75
Q3 2025
16,670,099,085.75
2.5%
416,752,477.14
16,253,346,608.61
Q4 2025
16,253,346,608.61
2.5%
406,333,665.22
15,847,012,943.39
Q1 2026
15,847,012,943.39
2.5%
396,175,323.59
15,450,837,619.80
Q2 2026
15,450,837,619.80
2.5%
386,271,040.50
15,064,566,579.30
Conclusion
By implementing a burning mechanism and utilizing third-party tools, the BARK Protocol aims to establish a deflationary token model that encourages long-term holding and enhances the sustainability and value proposition of the token ecosystem. This strategic approach effectively manages token supply and has the potential to elevate the value of the remaining tokens over time.
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