SDT Acquisition & Burning
Last updated
Last updated
Players can acquire SDT tokens as rewards by opening in-game chests within the Seven Deuce platform. The SDT token rewards obtained from these chests vary based on game progression and achievement completion, incentivizing active player engagement and exceptional performance.
Users have the opportunity to participate in the IDO of SDT tokens, purchasing them at a predetermined price. This allows individuals to become token holders and actively contribute to the growth and development of the platform.
SDT tokens will be listed on Decentralized Exchanges (DEX), enabling users to buy and trade SDT tokens on the platform. Through DEX market participation, users can engage in flexible buying and selling operations based on market supply and demand dynamics and personal investment strategies.
Players have the option to stake their existing SDT tokens and participate in the platform's gauge voting reward mechanism, earning additional SDT tokens. This dual incentive of holding and participating provides players with increased demand for SDT tokens while enhancing token stability and utility.
Revenue collected from Rake Fee and Tournament Fee are partially distributed to veSDT holders in form of SDT. Revenue collected in USDT used to purchase SDT from Seven Deuce's protocol and PancakeSwap.
The token burning process is as follows๏ผ
Burn Pool is created to burn 50% of Sell Tax. Whenever a SDT holder sell his SDT token, 50% of SDT will be burnt and yet reduce the total SDT token supply. This mechanism very likely to benefit SDT long term holder, ensuring the healthy circulation of SDT token.
This mechanism utilizes the rake fees collected from games, deducting rewards and expenses, to initiate the buyback of SDT tokens from the market for subsequent burning. Through regular buyback and burning processes, the token supply of SDT gradually decreases, enhancing token scarcity and unlocking its value potential.
Using the accumulated funds from transaction fees, the platform initiates a token buyback process, repurchasing SDT tokens from the open market. The purchased tokens are then permanently burned, removing them from circulation.
Through the token burning mechanism, the circulating supply of SDT tokens gradually decreases, creating scarcity. As the supply diminishes and potential demand increases, the value of SDT tokens may rise, offering potential returns for token holders.
The combination of token acquisition methods and token burning measures enhances the economic value and stability of SDT tokens within the Seven Deuce ecosystem. By providing diverse avenues for token acquisition and implementing sustainable token burning mechanisms, the platform encourages user engagement, increases the scarcity and attractiveness of SDT tokens, and offers participants additional opportunities and potential rewards.
