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Deflationary mechanisms

Apart from setting a hard cap on THANX, 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 THANX tokens from the secondary market. These tokens will be burned, reducing the overall supply of THANX tokens.

THANX Redeems

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