Deflationary mechanisms
Last updated
Last updated
Apart from setting a hard cap on FNX, we have also added deflationary measures to bring down the overall supply.
Every quarter, 30% of our will be allocated to buying back FNX tokens from the secondary market. These tokens will be burned, reducing the overall supply of FNX tokens.
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.