FORTUNX WHITEPAPER
  • 👋Overview
  • 🪙Public Token Sale (TBD)
  • 📖Introduction
    • Introduction
      • Background
      • The Problem
  • 🚀Getting Started
    • Set up a wallet on Arbitrum
    • Get started on FortunX
  • 💡Product
    • Browser extension
    • dApp
    • Mobile App (2024)
  • ⚖️Tokenomics
    • Overview
    • Token Distribution
    • Project Earnings
    • Deflationary mechanisms
    • Token Utilities
    • Project Wallets
  • 📆Roadmap
  • ⚒️Team (hiring)
  • Use Cases
    • 💰For Users
    • 🤝For Brands
  • Summary
  • 🔎Official links
  • 🎬Pitch Deck
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On this page
  • Buyback & Burn
  • FNX Token Redeems
  1. Tokenomics

Deflationary mechanisms

Apart from setting a hard cap on FNX, we have also added deflationary measures to bring down the overall supply.

Buyback & Burn

Every quarter, 30% of our off-chain revenue will be allocated to buying back FNX tokens from the secondary market. These tokens will be burned, reducing the overall supply of FNX tokens.

FNX Token Redeems

As users redeem their FNX tokens for gift cards and coupons and use them at our partner brands, we generate revenue again, of which 30% is burned.

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Last updated 1 year ago

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