Tax and Burn

Iztar Token Monthly Burn Mechanism

In alignment with our commitment to fostering a robust and transparent economy for Iztar Survivor, and in appreciation of the unwavering support from our community, we are introducing a Monthly Token Burn mechanism. This initiative is designed to combat inflation, enhance token value, and affirm our dedication to the project's longevity and success in the Play-to-Earn landscape.

Implementation Strategy

1. Monthly Burn Schedule

• Determining the Amount: Each month, a predetermined amount of IZTAR tokens will be set aside for burning. This amount could be a fixed number of tokens or a percentage of the tokens in circulation, decided based on the game's economic needs and community feedback.

• Transparency and Communication: Ahead of each burn, details about the amount to be burned, the rationale, and the expected impact will be clearly communicated to the community through our official channels.

2. Burn Mechanism

• Smart Contract Execution: The burn process will be automated through a smart contract, ensuring it is executed reliably and without manual intervention. The contract will permanently remove the specified amount of IZTAR tokens from circulation.

• Verification and Reporting: Post-burn, a transparent report will be shared with the community, detailing the execution and the new total supply, reinforcing our commitment to transparency.

3. Community Involvement

• Feedback Loop: Regularly gather feedback from the community on the monthly burn mechanism and adjust the strategy as necessary to align with the evolving economic model and community expectations.

• Impact Assessment: Continuously monitor the impact of the token burns on the game's economy and adjust future burns to optimize benefits for holders and investors.

4. Long-term Evaluation

• Adjustment for Growth: As Iztar Survivor evolves, the token burn strategy will be reassessed and adjusted to ensure it continues to support the game's economy, taking into account factors such as player base growth, in-game transaction volume, and market conditions.

Goals and Benefits

• Inflation Control: By methodically reducing the supply of IZTAR tokens, we aim to curb inflationary pressures, helping to preserve the purchasing power of tokens within the game.

• Value Enhancement: A reduced token supply can lead to an appreciation in token value, benefiting holders and investors by increasing the potential market value of their holdings.

• Economic Stability: A stable and predictable token economy attracts new players and investors, contributing to the overall growth and sustainability of Iztar Survivor.