Darkshield Games Completes first $DKS token burn: Over $561k $DKS Burnt!
As announced to the community, our aim to reduce the total supply of tokens from 5 billion to 1 billion has commenced. The team has just completed the 1st ever $DKS token burn amounting to over 79 million $DKS tokens (amounting to $561,594.76).
Darkshield team is committed to building a strong project, one that resonates with the community and is also focused on completing our roadmaps in the best possible way.
Proof of Burn🔥
Here are the unlocked tokens from our partner’s Unvest.io protocol to the deployer wallet.
Token Burn Transaction
We are happy to announce that the total supply for $DKS is currently 4,920,457,830 With our monthly Burn mechanism, we are set up for a healthy token.
Benefits of $DKS Token Burn
Here are a number of benefits of burning or reducing the total supply of $DKS tokens.
- Increase in Scarcity: Burning $DKS Total Supply from 5 billion to 1 billion would create scarcity for our tokens, with the right kind of exposure.
- Demand Increase: DKS tokens are the fuel to the Darkshield Ecosystem and it powers the Studio of games we’ll both be making and partnering up with.
- Sustainable Tokenomics: Our Tokenomics becomes better shaped and attractive to investors with the planned reduction of the total amount of tokens to ever be created.
- Ensuring Healthy Price for Investors: Our token burn mechanism helps in ensuring a healthy price for our digital asset. This means that over time, our token continues to reward our holders.
What to Expect Next
The team behind DarkShield is constantly building and developing within the space. We also have a strong community of investors who have been with us from day 1.
We plan to announce our incubated game project partners within the month of April, this game would utilize DKS tokens as well as the platform tokens. This is exciting even for us.
Stay tuned for more updates!