KASTA BURNING MECHANICS
Ka.app will use up to 10% of its quarterly revenue (which would come from swap fees) to buy back, hold, and burn KASTA tokens. The team will burn up to 150 million KASTA tokens using this mechanism before announcing the details of succeeding burns.
HOW DO YOU BURN KASTA TOKENS?
KASTA burns are done by transferring a specific number of tokens to a burn address where the tokens can no longer be retrieved or recovered. Ka.app provides the transaction ID of each burn so the public can validate them on Polygonscan.
PREVIOUS KASTA BURN DETAILS
Date of Burn:March 24, 2022
Type of Burn:Promotional
KASTA burnt167,652.86 KASTA
Date of Burn:April 28, 2022
Type of Burn:Promotional
KASTA burnt147,928.99 KASTA
Date of Burn:June 16, 2022
Type of Burn:Promotional
KASTA burnt19,723.87 KASTA
Date of Burn:July 14, 2022
Type of Burn:Promotional
KASTA burnt147,928.99 KASTA
Date of Burn:August 30, 2022
Type of Burn:Promotional
KASTA burnt59,171.60 KASTA
Date of Burn:January 11, 2023
Type of Burn:Quarterly
KASTA burnt7,729 KASTA
Date of Burn:May 4, 2023
Type of Burn:Quarterly
KASTA burnt13,043 KASTA
Date of Burn:August 1, 2023
Type of Burn:Quarterly
KASTA burnt14,760 KASTA
Date of Burn:October 24, 2023
Type of Burn:Quarterly
KASTA burnt15,673 KASTA
FAQ
Wanna know more? Look no further
What is a token burn?
Token burns refer to the process of permanently removing a certain number of tokens from its circulating supply.
Why do burns happen?
Crypto projects burn tokens with the hopes of increasing or stabilizing the value of their tokens, while also establishing trust in the community. It can be compared to a company buying back its shares as a way of returning the value to its shareholders.
How many KASTA tokens have you burnt so far?
Burning is a recurring process, so the numbers also change every time we burn KASTA tokens. We usually announce our burns, including the number of tokens we’ve burnt, on our social media accounts.