OVR concludes to upgrade its token economics, thereby making its own tokens more rare and valuable.
Recall Last May, the OVR team burns about 1 million OVR tokens, in order to celebrate the first six months of the project.
More so, it’s announcing a good move to make token burn an integral part of its token economics.
Also, The project team plans to take 50% of the revenue from the ongoing sale. Of course, of OVRLand on a monthly basis and then manage it as follows;
“40% is directly to burn tokens, then
the remaining 10% is to incentivize the sale of OVRLand.”
Also, “A sort of “lottery” will happen as one of the OVRLand buyers is drawn each month.
Notably, this will be with the use of Chainlink VRF and then, to win the remaining 10% of the revenues.*
Additionally, The burning program looks good as a way to fasten the token economics of the project.
Furthermore, Data reveals there are over 1.6 trillion OVRLands. However, it’s not all of them is up for sells, like those covering oceans, deserts, rainforests etc.
Notwithstanding, Checking only OVRLands points of interest by Open Street Map, we will get around 100 million.
Lastly, OVR’s new token economics makes making current and future investors dream.
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