2022-04-23 20:46:39
NFT deflation and burning in collections
Friends, we are sure that you are following the TON NFT market, including our other projects.
It has become customary for many to see announcements about "token burns," which are commonly displayed as almost a holiday event.
The thinking is simple: as NFTs are burned, there are fewer of them. Less supply = more demand, and the value on the secondary market should rise.
Such a process is meant to please the audience. It seems like a competent, necessary move in every project.
We don’t assume so! It is on the project TON NFT ARL where token burning is not a positive process. Absolutely not!
That is a mechanism that was invented to run successfully in the NFT space. And it is a tool for other projects to increase their demand and value.
Yet, to the question of whether there will be token burning in the ARL NFT project, our answer is quite obvious.
Our beasts of prey, the endangered species, are already scarce in nature.
The ARL collection is non-generative, there are no repeating tokens, each one is hand-drawn, not to just "let burn" a couple thousand of them, due to organizational weakness.
And burning creativity is not ever the same as burning coins.
We are NOT going to burn anything, either before or after the mint.
Burning is not the only mechanism for deflation and increased demand, or to control cost.
We at TON NFT ARL have already prepared, and are implementing, our own specific, effective mechanisms for deflation. We have elegant alternative solutions that you will soon learn about.
We are announcing this, and other positive news we plan to announce during the mint, to increase interest in the project and demand from a new audience.
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