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

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Noybe- Автор вопроса

for the ocean Token

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🫡

Noybe- Автор вопроса
KreigDK | Never DM first🌊
The Ocean Protocol generates revenue through trans...

Thanks for your answer. Can you give the source link for the 0.1 fees, I could not find it?

Noybe
Thanks for your answer. Can you give the source li...

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

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