UNIQ Token Burn
The goal of UNIQ token burn is to remove a certain quantity of tokens from circulating supply that will safeguard the value and credibility of UNIQ token in the long run. The burning process starts from allocating a certain number of UNIQ tokens into a frozen private address which is called a burn address. This address is meant to be a receive-only address with no possibility of withdrawal as these addresses are without a Private key. This will ultimately eliminate the given number of tokens out of circulation therefore officially burned.
Every quarter, we will destroy 10 % of our total earning in UNIQ tokens to ensure the long-term valuation based on usability and transactions.
Burning will be based on a transaction in the exchange platform that shall continue until 50% of tokens are left in circulation.
Out of 200 million 100 million will be burned over a period that can be tracked and confirmed through blockchain.
All tokens' transaction details will be reflected on the blockchain.
The limited number of tokens (100 million) in circulation will ensure the value and credibility of the crypto asset.