Numbers Protocol
Search
⌃K

Deflationary Token Economy

In January 2022, we announced the Deflationary Token Economy of NUM. More details can be found in the following article:
In short, the value generated by the registered assets will be used to buyback and burn NUM tokens. The number of tokens to be burned will be based on the network adoption and the revenue of the quarter. There will be quarter token burning events until a total of 500MM (50% of the max supply) NUM tokens are burnt. The following formula determines the number of NUM tokens to be burnt in each quarter.
Nburn=Nnewlyregisteredassets∗R∗20N_{burn} = N_{newly_registered_assets }* R * 20%
The constant R represents the value of each newly registered asset and is a function of the quarterly adoption rate, market cap, and also NUM price.
The burned tokens will be removed from the circulating supply.

Quarter Reports

  • ​Burn & Buy-Back Report: Q1 2022 The Numbers team completed the first round of its Burn & Buy-Back plan on March 28, 2022 . A total of 2,542,129 NUM was removed from circulation.
  • ​Burn & Buy-Back Report: Q2 2022 Numbers team completed the second quarterly Burn & Buy-Back plan on June 27, 2022. A total of 956,895 NUM was removed from circulation.
  • ​Burn & Buy-Back Report: Q3 2022 Numbers team completed the third quarterly Burn & Buy-Back plan on September 27, 2022. A total of 1,804,784 NUM was removed from circulation.
  • ​Burn & Buy-Back Report: Q4 2022 Numbers team completed the fourth quarterly Burn & Buy-Back plan on December 27, 2022. A total of 1,380,148 NUM has been removed from circulation.