️Additional information️. Dear Neutrino community,. We want to sort out possible misunderstanding.
28 Jul 2023, 12:44
❗️Additional information❗️
Dear Neutrino community,
We want to sort out possible misunderstanding. Please be advised that in the context of this article, when we describe XTN as "not burnable", we intend to explain the Neutrino protocol's mechanics, meaning that XTN token is not automatically burned when sold (returned to the contract's locked supply).
The Neutrino team advocates keeping (not burning) preissued XTN supply (Max Supply) that is currently locked at the Neutrino contract. However, in the general sense, just like any other token that has ID, XTN token is burnable. This means that users or projects can burn their XTN using Burn transaction or Burn action if they really want to.
For example, the new L2MP (Mining Power Token) interacts with XTN in such a manner, that when XTN is swapped to L2MP, the swapped XTN amount gets actually burned (irreversibly deleted from the total existing XTN supply).