BLOCK TOKEN - DEFLATION
BLOCK token staking
Users can stake BLOCK tokens to access the athlete IDOs, in addition, all stakers will receive 30% APR on their staked tokens. When tokens are staked they are removed from the open market, reducing the supply.
Athlete IDOs
Each athlete will have a token pre-sale for their own token, with at least 50% of token pre-sale funds going into a smart contract for the token bonding curve, locking away BLOCK supply. As more athletes release tokens, more BLOCK is locked away reducing the supply on the open market. Athlete tokens on the bonding curve will be readily available to swap for BLOCK, but the majority of the tokens will be locked into the contract. Buy & burn
A percentage of all NFT sales & re-sales revenue will be used to buy and burn BLOCK tokens, reducing the supply over time.
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