7.4 Token Burns
The Echelon Prime Foundation announced a multi-phase plan to adjust the PRIME ecosystem following consultations with partners and stakeholders. The stated objective is to right-size the ecosystem and support long-term stability.
Initial actions executed:
The Foundation reduced the Gameplay Pool and updated the Sink Schedule to include a burn mechanism.
An initial burn of 11 million PRIME tokens was executed from the Gameplay Pool.
This burn represented 10% of the total PRIME token supply.
Planned follow-up burn mechanisms:
An additional 10% of PRIME will be burned over the next three years.
10% of all PRIME passing through the Sink Schedule will be burned.
This 10% is sourced from a previously allocated 4% to the Foundation and 6% to the Gameplay Pool.
The current total supply can be verified via the contract address on Etherscan.
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