Hi was the percentage of burning network revenue? 5%?

I apologize. I accidentally mentioned 0.1%. You are correct, 5% of all Network Revenue is burned. Sorry😅 https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9 Ocean Protocol generates revenue through transaction fees. These fees serve multiple purposes: they fund the ongoing development of Ocean technology and support the buy-and-burn process of the OCEAN token. https://docs.oceanprotocol.com/developers/contracts/fees

0

1 месяц назад

KreigDK | Never DM first🌊 · Accepted Answer

KreigDK | Never DM first🌊

The Ocean Protocol generates revenue through transaction fees, which are used to fund ongoing development and support the buy-and-burn process of the OCEAN token. For each consume transaction, a small fee goes to the Ocean community, which is then used to buy back OCEAN tokens and burn them, permanently reducing the supply. Specifically, 5% of the 0.1% transaction fee is allocated for the buyback and burn process🫡

0

1 месяц назад

209 похожих чатов

Hi was the percentage of burning network revenue? 5%?

4 ответов

Похожие вопросы