Xpr? What's the usage?

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Metal DAO | $MTL

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Xpr? What's the usage?

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13.05.2023

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Pepito⚛️ (Won’t DM First). · Accepted Answer

To keep the chain secure, a supply increase was introduced so that block producers, farmers and short stakers can continue to be paid and end users can keep enjoying zero on-chain fees. This increase is capped at 4% annually. Deflationary mechanisms have been introduced too, see below. Developers/businesses need to buy XPR to use resources on the blockchain. These resources bought in XPR will be burned. Minting NFTs requires resources, paid in XPR. 10% of each minted NFT (in XPR) will be burned. Additionally, fees from Proton Swap (0.1% from every transaction) are converted to XPR and burned. XPR has no technical hard cap or max supply. It also helps lowers fees on ProtonDEX depending on how much quantity you have. More details here: https://blog.protonchain.com/reduced-trading-fees-on-proton-dex-and-free-trading-for-high-level-xpr-stakers/ You should join ProtonChain chat to stay updated 👍

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