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The operationalization of the issuance of the Inky token is managed through the smart contract named TokenMinter, identified by the address 0x68BDAb3dcc5332BcCcDC940D54122c155b80857a on the Binance Smart Chain blockchain. This contract is designed to facilitate the minting process of INKY tokens, granting the exclusive ability to authorized entities, called minters, to create new tokens within the ecosystem.

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In the current context, the only agent with minter privileges is the INKY StakingPool, operating under the address 0x921BAD14BE449Af905E68d3Ed03Fbe784e748A13 on the Binance Smart Chain blockchain. The main function of this agent in the issuance system is to generate INKY tokens daily, following a model intended to regulate the token's inflation. This model establishes that a fixed percentage of 1% of the INKY tokens allocated in stake is issued each day, subject to a maximum daily limit of 10,000 INKY units.

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This daily issuance mechanism, tied to both a fixed percentage and a quantitative limit, is a strategic measure to control the token's inflation. By limiting the number of new INKY tokens that can be generated daily, the system seeks to ensure a balance between supply and demand, avoiding abrupt devaluations or uncontrolled inflation. This approach demonstrates careful planning in managing the token's economy, aiming to maintain its stability and long-term value.

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INKY Token Burn Mechanisms for Inflation Control

The INKY token implements various token burn strategies with the aim of controlling inflation and maintaining the token's value. These mechanisms are an integral part of the economic strategy of the Inkryptus ecosystem and are structured as follows:

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Token Burn via Lottery Contract:

The INKY ecosystem includes a lottery contract, where, at the end of each lottery round, 30% of the PrizePool is burned. This system ensures that 70% of the value collected in tickets is distributed to the winner, while the remaining 30% are used for the burn of INKY tokens, contributing to the reduction of the total token supply and inflationary control.

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Token Burn from Inkryptus Platform Profits:

The Inkryptus platform adopts a proactive and tiered strategy for burning INKY tokens, directly linked to its monthly financial performance. This mechanism is not only fundamental for adjusting the token's supply in the market but also for adding value to the token in the long term. The burning strategy is detailed as follows, based on the monthly revenue tiers of the platform:

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• Revenue below 100,000 USD:
  Token Burn: There will be no burning of INKY tokens.
   

• Revenue between 100,000 USD and 500,000 USD:

  • Token Burn: 15% of the tokens will be burned.

  • Impact: This burn tier is designed to initiate the gradual reduction of the total supply of INKY tokens, in response to a significant increase in economic activity and platform revenue.
     

• Revenue between 500,000 USD and 1,000,000 USD:

  • Token Burn: 30% of the tokens will be burned.

  • Purpose: This higher percentage of burn reflects robust platform performance, and the accelerated burning of tokens serves to further appreciate INKY, benefiting all token holders.

 

• Revenue above 1,000,000 USD:

  • ​Token Burn: 50% of the tokens will be burned.

  • Strategy: This is the most aggressive burn tier, applied when the platform reaches an exceptionally high revenue level. The substantial burning of tokens is a measure to capitalize on financial success, significantly reducing the supply of INKY and potentially increasing its market value.

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This tiered token burn model reflects Inkryptus's commitment to adapt its economic strategy to market conditions and its own financial performance. The burn policy not only helps control the inflation of the token but also acts as an indicator of the economic health and success of the platform, thereby encouraging continued investment and interest in the Inkryptus ecosystem.

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Fees Generated by the Inkryptus Platform:

Swaps: Fees generated by cryptocurrency buy or sell transactions on the Inkryptus platform are partially burned.

Withdrawals: A portion of the fees generated by withdrawal transactions of tokens from Inkryptus platform contracts is earmarked for burning INKY tokens.

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• Harvest: Fees from requests to withdraw profits to the Inkryptus wallet, arising from stake and yield farm products, are used for burning INKY tokens.

• Compound: Transactions generated by the request for reinvestment of profits earned through stake and yield farm products also contribute to the burning of INKY tokens.

• Profit Fee: Daily fees generated to pay the yields of the stake and yield farm products of the Inkryptus platform are partially used for the burning of INKY tokens.

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Methodology for Tax-Generated Burning:

Based on the platform's monthly revenue, a specific percentage of the profit is allocated to purchase INKY tokens in the open market. This percentage varies according to monthly revenue, as previously detailed (15% for revenues between 100,000 USD and 500,000 USD, 30% between 500,000 USD and 1,000,000 USD, and 50% for revenues above 1,000,000 USD).

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Burning Process:

After acquisition, the purchased INKY tokens will be burned through the burn method of the INKY contract. The burning of tokens is an irreversible blockchain transaction, ensuring that the tokens cannot be recovered or reused.

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Transparency and Monitoring:

The burn transaction is recorded on the blockchain and can be viewed by anyone, offering complete transparency to the process. Users and interested parties can monitor these burn transactions through the INKY token contract. This monitoring can be done using blockchain explorers, such as BscScan, where transactions are public and can be examined in detail.

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Communication and Trust:

Inkryptus is committed to clearly communicating each burn operation to its community, including the transaction details and the quantity of burned tokens. This approach promotes trust between the platform and its users, demonstrating Inkryptus's commitment to transparency and the appreciation of the INKY token.