MSN token burn recap

The audience of Maison is growing every day, and we want our holders to understand and know more about what Maison is, how the platform functions, what opportunities it provides, and where the project is headed. That’s why we’ve prepared a series of informative articles for a better understanding of the Maison project.

We want to begin this series of publications with a little clarification.

As it turns out, many people believe that in circulation there is 10.000.000 MSN, which is not true. The main part of the tokens is locked and allocated to farming/staking and only a very small portion of tokens of early investors with strict vesting can go into circulation. We want to clarify that 10.000.000 is the total number of MSN we initially released, and before we sat rested we burned 1.000.000 MSN.

https://bscscan.com/token/0x631b92596bc7f5c4537f1a7cd4caef2db0d3000d?a=0x000000000000000000000000000000000000dead.

Thus, the total number of MSN dropped by 10% to 9.000.000 before the listing. There is a 3% commission on each purchase/sale of an MSN token (so to buy/sell a token, you need to put a slippage of 4–5%), of the 3% — 0.5% is burned. This reduces the circulating supply after each transaction. Since the listing on PancakeSwap, over 1600 MSN have already been burned, and this number will only increase, reducing the total number of MSN in circulation. You can always follow up-to-date information about the number of burned tokens in the app.maison.capital/pools section.

Next, we will analyze the farming/staking pools and how many funds are locked there (TVL)

--

--

--

AN ECOSYSTEM OF DECENTRALIZED INVESTMENTS

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

A Beginner’s Guide to Staking with SnapBots — Earn Passive Income

How to mint NFT on Solana

How to get USDC on Polygon Network

ProjectX Announces Collaboration with Everse Capital

Here Are Other Noteworthy Uses Of NFT

This week, our Trade team breaks down the eternal question — the dynamics of Bitcoin vs altcoins🥊

This week, our Trade team breaks down the eternal question - the dynamics of Bitcoin vs altcoins🥊

Cryptocurrency Trading: Stop Losses VS Mental Stop Losses

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Maison Capital

Maison Capital

AN ECOSYSTEM OF DECENTRALIZED INVESTMENTS

More from Medium

$HNZO Token V2 Migration to Polygon Guide

Notch Networks x IM community AMA RECAP

Introduing Tsubasa Launch Structure and “3m-Standard” Contract

Tokenomics of virgo network