Token Burning
In the Versailles Heroes ecosystem, the application value of MOH will increase over time. However, due to MOH’s unlimited supply, the ecosystem will keep growing. In this case, not considering other factors, supply and demand influence the price of the tokens. Reduced amount circulated on the market will result in its value going up. This is why the deflationary mechanism of the token is essential, as its economic model in an accelerated burning mechanism competes for network weight by burning MOH. This increases the VRH mining weight, suggesting that the more virtual computing power is owned, the more MOH is burnt. And therefore, the more burnt MOH will go to the designated black hole address.
MOH Burning Instructions
In DAO governance, veVRH is used to vote. Voting to a mining pool gains mining weight therein, and weight in the guild determines the VRH yield gained. Any investor can engage in healthy competition with other miners within the pool, and the tokens in the competition are MOH tokens. With MOH, investors can accelerate their personal weight in the guild up to 2.5 times. The acceleration is based on burning MOH, which will go to the black hole address for permanent destruction.
Black hole address: 0x0000000000000000000000000000000000000000
Last modified 8mo ago