Lado Okhotnikov, CEO and founder of the Meta Force metaverse, announced the burning of part of the emission of MFS tokens that were not mined during multi-mining.

Burning is a natural process for a company's tokenomics. As stated in the company's office, a mathematical model was built, which, of course, is not deflationary, but is close to it. When there are surplus tokens, they are burned and sent to the“zero”address in the blockchain.

The decision to destroy excess tokens was made after a thorough analysis of the situation and the understanding that the supply of coins is no longer required. Thus, this event was not created artificially, and is not aimed at creating hype or manipulating prices. No one else can claim the tokens, including developers.

А total of 162,551,535.83 MFS have been burnt which translates to over $450 million. 

“We decided to burn the remaining unused tokens, considering that the reserve was no longer needed. The burn is not intended to increase the price of the token or create hype. This is a natural step reflecting our aspirations for decentralization and justice,” said Lado Okhotnikov, the head of Meta Force. 

The destruction procedure is completely transparent: coin burning operations are recorded in the blockchain as a transaction, so it is possible to verify that the coins are permanently removed from circulation. The MFS burn was carried out by sending tokens to an address with a zero balance.

The burn is part of Meta Force's strategy to bring MFS tokens to the open market. According to the company, the main purpose of this step is to prevent possible market manipulation, speculation and potential transactions by insiders. The procedure was carried out in accordance with the priority goal of creating an ecosystem that is based on the principles of fairness and equality.

About Meta Force

Meta Force metaverse combines games, social networks and virtual reality. This realistic replica of our world offers complete immersion in gameplay while running a business at the same time. Thus, Meta Force unites the diversity of possibilities and opens the way to a future where reality merges with cyberspace.

The platform is developing and provides participants with a variety of functionality. In particular, the Tactile GameAf program has already been implemented, which connects the virtual and real worlds where NFTs are sold, and in the future their real physical counterparts will be placed.

In addition, Meta Force is easy to integrate into any business processes and easily adapts to new conditions and tasks. This makes the system convenient for participants and attractive for investors.

Based on Dan Michael’s materials

The head of Meta Force Press Center

press@meta-force.space

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