Burn mechanism

Sustainable burn

A burn mechanism aims to reduce the circulating supply progressively.

How does it work?

When a 0.9% fee is collected in UNY in the CAURIS app, 1/5 (one fifth) of it goes to a wallet named "The burner".

For 1$ spent, CAURIS app receives 0.009$ worth of UNY and sends 0.0018$ to the burner.

NB: Note that the burner does not burn immediately the tokens!

Every quarter a vote accessible only for UNY token holders occurs and a decision is taken either (1) to let the burner do its job (so one sends the tokens to a dead address) or (2) use them for a commonly agreed purpose.

Tokens to burn formula (TTB):

Tokens to burn (TTB) = Fee generated in UNY * 1/5

UNY revenue on services formula if burn occurs:

UNY revenue = Fee generated in UNY - Tokens to Burn

Burn proposal will occur every quarter until the total supply left in circulation reachs 260 000 000 UNY (260 Million UNY).

Hypothesis:

If 1 UNY = 0.02 $ ; 1$ = 50 UNY;

Each 1$ converted in UNY and spent = 50 UNY spent; Fees = 50 UNY * 0,9% = 0,45 UNY;

UNY Burn = 0,45 * 1/5 = 0,09 UNY; One needs 11 $ service fees on CAURIS app to burn 1 UNY token at this price. So 11 transactions at 1$ at least.

Since 2 340 000 000 UNY need to be burned until burn stops, one needs 25 740 000 000 service payments at 1$ in UNY to reach 260 000 000 total supply.

"Note that these numbers are valid in this hypothesis and can vary according to UNY price and amount spent in UNY".