Arkreen’s Monthly $AKRE Burn Plan December Update: Over 1M Tokens Burned
At Arkreen, our commitment to transparency and community trust drives every step of our journey. Each month, we perform a scheduled burn of $AKRE tokens based on the previous month’s service fee revenue. For November 2024, the total burn amounts to 1,016,816.02 $AKRE. Below is a detailed breakdown of this month’s activities and the positive impact they have on our ecosystem:
Part 1: On-Chain ART Issuance Fees
To issue tokenized Renewable Energy Certificates (ART), Arkreen applies a service fee of 1 ART = 1000 $AKRE. This mechanism helps ensure the tokenization process is both efficient and sustainable.
November Highlights
- ART Issued: 370.91467 ART
- Fees Collected: 370,914.67 $AKRE
- Planned Burn: 296,731.74 $AKRE
- Treasury Allocation: 74,182.93 $AKRE
This step further strengthens accountability within the Arkreen ecosystem and incentivizes sustainable energy practices across the network.Transaction Successful:
https://polygonscan.com/tx/0xff37ff0f1ea85061aab5b3620f6a85ef4c8714065c80725f4fcfd06baadf3236
Part 2: On-Chain ART Offset Fees
November 2024 marked a key milestone for Arkreen as we introduced service fees for on-chain ART offsets, with 80% of the collected fees allocated for token burns. Starting November, each on-chain ART offset incurs a fee of 1 ART = 1000 $AKRE.While the smart contract upgrade to support direct fee payments is in progress, the Arkreen Foundation is currently sponsoring these fees on behalf of users.November Highlights:
- ART Offset: 900.10535 ART
- Fees Sponsored: 900,105.35 $AKRE
- Planned Burn: 720,084.28 $AKRE
- Treasury Allocation: 180,021.07 $AKRE
This milestone reflects Arkreen's commitment to driving a sustainable and deflationary ecosystem while empowering users to offset carbon emissions seamlessly.Transaction Successful:
https://polygonscan.com/tx/0x7276cdadc37e81d205587ddff846c54da1436b8590bb021f716f7a612b4b3569
Next Milestones
Token burns are essential for maintaining a deflationary model within the Arkreen ecosystem. They not only reinforce the value for all stakeholders but also support the ongoing growth of decentralized renewable energy solutions.As we move forward, these token burns align with our broader commitment to sustainability and economic balance within the Arkreen ecosystem.
Remaining $AKRE Supply: 9,988,588,639.63 $AKRE
Check Current Supply on PolygonScan
Looking Ahead
We’re excited to continue our mission in the coming months, with future burns planned based on utility revenue. Thank you for being an integral part of Arkreen’s journey toward a greener, decentralized future. Together, we power a sustainable tomorrow. 🌱Stay tuned for the next update in January 2025!
Previous Updates
• Arkreen’s $AKRE Token Burn Mechanism and Plan: A New Era of Sustainable Growth Read More