Over time, we've made mention that BUIDL will act as the native token on the build-it website. DIY'ers will earn BUIDL tokens upon sharing their DIY crafts or project on our condenser. However, this doesn't stop there, of course, no one wants to accumulate a worthless token for their time, skills, and knowledge. It is, for this reason, we have been hard at work in ensuring we put great value behind the BUIDL token.
One of the most common methods is token burning, removing tokens or coins from the total circulating supply plays a major role in slowing down inflation rates. Of course, this is to accomplish a similar goal - increase the scarcity of the tokens, while on the other hand making them more valuable.
Having said this, Build-it will burn 30% (3 trillion) from the total circulating supply. And then we'll relist another 2.5 @ $0.0007 on the market for trading and purchasing.
With this massive burn, we will not be burning any tokens this year unless otherwise stated. As we will be building use cases around the BUIDL token.
We've deployed 250 billion BUIDL (2.5%) to the market @ $0.0007 cents apiece.
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Stay tuned for more info!