Burning

Deflationary ION System

Neon's ION token deflation is a strategic and thoughtful approach to managing its overall supply that aims to maintain and increase its long-term value. Here's how the combustion system works and how it affects the ecosystem:

Burning Tokens from Subscription

Reducing Turnover through Subscriptions: The Neon wallet team decided to burn part of the ION tokens received from paying for subscriptions. This reduces the total number of tokens in circulation, potentially increasing their value to remaining holders.

Redemption and Burning from Commissions

50% Fee Income: In addition, the team agrees to redeem and burn ION tokens using 50% of the amount received from paying exchange fees. This not only helps reduce the overall supply, but also shows the team's commitment to maintaining stability and growth in the value of the token.

Purpose of the Issue and Long-Term Prospects

Final Emission of 100 Million ION: The deflation process will continue until the total number of ION tokens in circulation reaches 10% of the initial emission, i.e. 100 million ION. This goal creates a clear long-term vision and strategy for token holders, emphasizing a commitment to sustainable development and a stronger ecosystem.

Neon's deflationary ION token model is a thoughtful step towards creating a strong, resilient and valuable currency that will serve as the foundation for the entire ecosystem and provide token holders with opportunities for long-term growth and prosperity.