NEW NATION Docs
  • Project Overview
  • Technology Overview
  • New Nation Coin ($NNC) Fundamentals
  • Coinnomics
    • Mining
    • Staking
    • Burn Mechanism
    • Science & Innovation Lab
    • Decentralized Exchange (DEX) Liquidity Pool
    • Centralized Exchange (CEX) Listing
    • Community Building & Marketing Rewards
  • Ecosystem
    • Summary
  • Roadmap
  • Community & Governance
  • Legal Disclaimer
  • Conclusion
Powered by GitBook
On this page
  1. Coinnomics

Burn Mechanism

10% of the total supply is designated for a burn mechanism, systematically reducing supply over time to enhance scarcity and increase potential value. The burning process is structured as follows:

  • 3% of the 10% gas fee applied when converting accumulated steps to $NNC.

  • 3% withdrawal fee for $NNC transactions from the New Nation Wallet app.

  • 2% of the 5% mining gas fee.

  • 2% of the 5% transaction fee on wallet-to-wallet transfers within the New Nation Wallet app.

PreviousStakingNextScience & Innovation Lab

Last updated 1 month ago