🔷 Verify on BaseScan
At the same time, the total supply remains capped at 100,000,000 $8LNDS, and it will never exceed that amount.
Let's break down how it works 🤩
🔘 You receive $8LNDS through the Proof of Loan (PoL) program.
🔘 If you sell your tokens, the Reward System buys them back and burns them permanently, reducing the circulating supply.
🔘 When new rewards need to be distributed, the protocol mints only the number of tokens required to keep the system running within the 100M cap.
So, the goal of the mint-and-burn mechanism is to maintain a balance while keeping the total supply capped at 100,000,000 $8LNDS.
📈 When demand is high ▶️ the protocol can mint additional tokens for rewards, as long as the total supply remains below the 100M cap.
📉 When selling is heavy ▶️ tokens are burned, reducing the circulating supply.
This helps balance the ecosystem while keeping the maximum supply fixed.
So, how do you feel after this information? Are you holding or selling? 🤩