How does the MLN token burn mechanism work?
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How does the MLN token burn mechanism work? |
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How does the MLN token burn mechanism work?
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Question.1 : How does the MLN token burn mechanism work?
A. Vault managers owe a 0.25% annual fee on the sum of all assets in a vault, payable in MLN; these tokens are then taken off the market and burned
B. Users receive MLN for developing, maintaining, auditing and growing the protocol; when these individuals are rewarded with tokens, an equal amount of MLN is burned
C. 0.25% of the total circulating supply of MLN is burned on an annual basis
D. Investors owe a 0.25% fee when depositing into a vault which is payable in MLN; these tokens are then taken off the market and burned
Answer: Vault managers owe a 0.25% annual fee on the sum of all assets in a vault, payable in MLN; these tokens are then taken off the market and burned
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