Q2-2022 HUNT Token Burning Report
Q2-2022 HUNT Token Burning Report
HUNT DApp Network has been running a unique token model called HUNT Token Burning System since May 2020. It is designed to increase the value of HUNT token by the following mechanism:
HUNT token has no inflation scheme.
The total supply constantly reduces through the token burning system as more of the DApps on HUNT Network gain a revenue stream.
The initial total supply of the HUNT token was 500,000,000 when it was launched. Currently, the total supply has been reduced to 198,968,037 (60.2% of the tokens have been burned).
HUNT tokens burned for this quarter
We burned the tokens for the 2nd quarter of 2022 (April 1 - June 30, 2022). The total amount we burned is 47,690 HUNT (worth $20,473.32 as of July 1, 2022, 00:00 KST). You can see the burning records for the 2nd quarter here - https://etherscan.io/tx/0xd9c90ddd1ef9145de556335cb41fa26a31ca928318c493c77ba546895f0308d1.
Allocations from each DApp:
Nomadtask: 6,807 HUNT
Neverlose.money: 22,901 HUNT
Mint Club: 2,435 HUNT
Uniswap LP operation rewards: 15,547 HUNT
Here is the token burning history so far:
1Q-2020 (Feb 1 - Mar 31): $2,672 (1,311,205 HUNT)
2Q-2020 (Apr 1 - Jun 30): $5,126 (1,868,664 HUNT)
3Q-2020 (Jul 1 - Sep 30): $6,123 (112,357 HUNT)
4Q-2020 (Oct 1 - Dec 31): $6,478 (96,994 HUNT)
1Q-2021 (Jan 1 - Mar 31): $15,170.78 (31,989HUNT)
2Q-2021 (Apr 1 - Jun 30): $30,620.59 (82,759 HUNT)
3Q-2021 (Jul 1 - Sep 30): $26,975.57 (37,267 HUNT)
4Q-2021 (Oct 1 - Dec 31): $55,087.89 (62,729.9 HUNT)
1Q-2022 (Jan 1 - Mar 31): $30,728.88 (26,264 HUNT)
2Q-2022 (Apr 1 - Jun 30): $20,473.32 (47,690 HUNT)
You can find previous burning records via - https://token.hunt.town/