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:

1. HUNT token has no inflation scheme.

2. 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 198,912,688 (60.2% of the tokens have been burned).

HUNT tokens burned for this quarter

We burned the tokens for the 3rd quarter of 2022 (July 1 - September 30, 2022). The total amount we burned is 55,349 HUNT (worth $19,933.61 as of October 4, 2022, 00:00 KST). You can see the burning records for the 2nd quarter here  - https://etherscan.io/tx/0xd53c602f71d6908006b9ea92996b1bb5444e26f293c9e6e37d2a468c4b7abdf4.

Allocations from each DApp:

• Nomadtask: 6,807 HUNT

• Neverlose.money: 26,212 HUNT

• Mint Club: 12,519 HUNT

• Uniswap LP operation rewards: 9,811 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)

• 3Q-2022 (Jul 1 - Sep 30): $19,933.61 (55,349 HUNT)

You can find previous burning records via https://token.hunt.town/