Token burns

If it is deemed beneficial to promote the 3air platform and incentivize its users, 3air could potentially burn a determined number of tokens at regular intervals. The amount could be but does not necessarily need to be around 200-250 million 3air tokens. If circumstances allow and suggest positive outcomes, 3air may cause or promote a certain amount of tokens to be burned.

3air may not publicly set any specifications (dates or amounts) for token burns. However, it has to be consensually decided with the community using surveys, polls, or other opinion-gathering and voting mechanisms.

To facilitate the processes mentioned above, community pool contracts allow voting on token burns within a certain percentage range of pool tokens. If circumstances suggest, a contract may be set up to allow community members to vote on how many tokens will be sent to a burn address within a specified range of 25% to 75%. An average percentage would be calculated from the votes and set aside as the burn token.

The community token contract could also change after reaching a certain milestone, with the aim to fully decentralize decisions on community pool funds usage.

Figure 11 Token burning process