Incinerator
Last updated
Last updated
The Incinerator is a token burning mechanism that enables TAD to become a deflationary token. The incinerator sends your TAD to an unusable address and removes it from circulation, a process known as "burning."
Two things are accomplished when burning your token.
By burning the token, you are reducing the TAD supply, potentially increasing its scarcity and desirability.
By burning the token, you earn XP. This XP allows you to rise in the leaderboard to earn weekly rewards.
View the Burn Address to see the latest number of tokens burned.
There are currently two ways to burn. Both result in reducing TAD supply.
Send ETH into The Incinerator. As ETH is received, The Incinerator will buy and burn TAD.
Points are calculated using the following formula:
Points Earned = Burn × log(Burn + 1) × 10
Burn Examples:
.005
379
.015
1,599
.05
7,071
.10
16,166
.25
47,127
.5
104,421
1.0
229,189
Feed TAD directly into The Incinerator. The Incinerator immediately burns your TAD and you earn XP.
Points are calculated using the following formula:
Points Earned = Burn × log(Burn + 1) × 8
Burn Examples:
4200
166
12,600
721
42,069
3,263
85,000
7,613
200,000
20,844
420,420
49,176
800,000
102,412
1,000,000
131,848
