BCL Token Burning Mechanism
Blockchain Land has its own metaverse token known as Blockchain Land Token (BCL). Well, we are going to launch our very first planet very soon and how its burning mechanism process works.
BCL Burning Mechanism:
There is a total of 30% burn mechanism. 5% token will be burnt directly from the total amount of the minting of one planet.
Overall supply is 7.21 Billion and 30% of it will be burnt as described below.
7.21 Billion = Total BCL Token
One Parcel = 360.5 BCL
One Valley = 10*10 = 100 Parcel = 36,050 BCL
One Country = 25*25 = 625 Parcel = 2,25,312.5 BCL
One Planet = 1,000*1,000 = 10,00,000 Parcel=36,05,00,000 BCL
This will be the cost of Parcel, Country, and Valley in BCL.
Blockchain Land will launch a total 6 planets. Metaverse community’s voting and demand of blockchain will decide the next minting of the next planet as rest of three blockchains are under development.
Whenever, planet will be released, every single country and valley should be minted and for that, 5% of the economy will be burnt from the total economy.
Note: Whenever, user will mint a country for the first time, all amounts will be burnt from the paid value; however, when the user will sell it, no amount will be burnt.
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