The presale of Milk Mocha HUGS is set to introduce an innovative automatic burn mechanism aimed at increasing the token's scarcity. According to the results published in the material, this unique approach is designed to create a balanced ecosystem as demand for HUGS grows.
Token Burn Mechanism in HUGS Presale
Starting from the first day of the presale, any unsold HUGS tokens will be permanently burned at the end of each weekly stage. This process not only reduces the total supply but also enhances the value of the tokens that are sold, as fewer tokens in circulation can lead to increased demand.
Long-term Strength and Deflationary Effect
The automatic burn feature is expected to support the long-term strength of the HUGS token by creating a deflationary effect. As the presale progresses, investors may find the diminishing supply appealing, potentially driving up interest and investment in the token.
In a recent development, Shiba Inu's burn rate surged dramatically, raising questions about its sustainability despite a low number of tokens actually burned. For more details, see more.
