Burn Function

JLP Burn from Block Emissions

• A portion of minted tokens is immediately burned instead of entering circulation.

Burn Mechanism from Dev Address

• All harvested JLP from the Dev address is burned weekly.

Other Deflationary Mechanisms

• 100% JLP Burn from:

  • Profile creation and NFT minting fees.

  • IFO participation fees.

  • Farm auction winners' fees.

  • NFT Marketplace platform fees.

• Partial JLP Burn from:

  • 20% of JLP spent on lottery tickets.

  • 3% of every round in prediction markets.

  • 2% of yield harvested in the Auto JLP Pool.

  • 0.05% of every trade made on JLaunchpad V2.

• Weekly Token Burns: 100% of burned tokens are sent directly to the burn address