🔥Burning

The burn mechanism in the Anazir ecosystem serves to enhance the token's value by reducing supply and combating inflation. By creating scarcity, it also encourages demand, making the token more appealing to current and potential holders. This strategic approach plays a crucial role in the long-term sustainability and growth of the ecosystem, aligning the interests of both the developers and the community.

Objectives of the Burn in the Anazir Ecosystem

• Reduction of Token Inflation: By systematically reducing the total supply of tokens, the burn process helps to combat inflation. In traditional economies, inflation can erode the purchasing power of currency, and similarly, an excess supply of tokens can diminish their value in the crypto market. The burn mechanism acts as a countermeasure, helping to stabilize the token’s value and maintain its purchasing power for holders.

• Stimulating Demand through Increased Scarcity: When tokens are burned, the overall supply decreases, which can lead to heightened demand among investors and users. The principle of supply and demand dictates that as a product becomes scarcer, its value tends to increase. In the case of Anazir, by implementing a burn strategy, the ecosystem aims to create an environment where the token becomes more attractive to potential buyers, thereby stimulating demand and fostering a more robust market presence.

Burn Mechanism

The various ways in which $ANZ will be initially burned in the Anazir ecosystem:

• 15% of $ANZ will be burned when purchasing a tournament ticket.

• 30% of $ANZ will be burned during the minting of an NFT.

• 40% of $ANZ will be burned upon the purchase of crystallium.

NFT Burn :

One of the most unique aspects of Crystals is their connection to the burning mechanism. By burning Golems, players can receive Crystals in return. The amount of Crystals obtained from burning is determined by the rarity and level of the Golem, adding a strategic element to resource management.