Space Bats
  • Welcome to Space Bats
    • Lore
  • Tokenomics
    • $SPACE
    • Initial LP Allocation Curve
    • Contracts
    • Token Burn
  • Staking
    • Staking Gameplay
    • Harmony Epoch
    • Blackhole
    • Utility Genesis
    • Dimensional Warp
    • Upcoming Structure
  • Worlds
    • Definition
    • Categories
    • World List
    • Gnikase
      • Allies
      • Nemesis
      • Damage / Intoxication
      • Weapons / Communication
      • Shields / Protection
      • Surrounding Space / Bases
      • Landscape / Beings / Creatures
      • Transportation
      • Accessories
  • Extras
    • About
    • Wallet Compatability
    • $SPACE Contract
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  1. Tokenomics

Token Burn

Good to know: "Burning" an ERC20 token removes an amount of it from circulation and lowers the overall token supply, creating a deflationary event.

Token burning adds a deflationary element to $SPACE. The initial launch utility tokens at launch (Space Bats Genesis Token and Space Bats Dimensional Warp) do not have a burn component. However, going forward, $SPACE will have burning events built into game play.

Travel

Travel between worlds will burn an amount of space. In order to enter a new world and transact there, contracts will implement token burn based on the dynamics of that world.

In-World Transactions

In world staking transactions will implement token burn based on the dynamics of each world.

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Last updated 3 years ago