Burning Mechanism 🔥

Moverse team believes in rewarding users with something they deserve against the effort and stake they put into the ecosystem. Let’s have a look at burning mechanism details to find out more.

1- $MVET Burning

Lets get to know about where $MVET is going to burn in the whole Moverse ecosystem.

• Sneakers' charging

• Sneakers' level upgrades

• Sneakers' customization

• Platform fees

• Participation fees of some special events.

• Many other in-app activities will cost $MVET burning only.

2- Burn To Mint

Do you want to buy your favorite sneaker but don’t have enough budget? No need to worry because now users will be able to get free mint of their favorite sneakers. Users will have an opportunity to burn 2 standard sneakers to mint 1 free super sneaker and burn 2 super sneakers to mint 1 free premium sneaker.

Free mint is available on only 20% of the sneakers collection.

For example

• Standard Sneakers Supply: 3000

• Super Sneakers Supply: 2000

• Premium Sneakers Supply: 1000

It means that only 400 super sneakers and 200 premium sneakers will be available for the free mint.

3- Burn To Spin

Do you like lucky spin roulettes? Users of Moverse will be able to spin roulettes to try their luck by burning their few $MVET tokens. From roulette, users will have a chance to win a pair of sneakers, service box, gems, and even tokens as well. Higher the amount of sneakers you own, higher the probability of winning big rewards through roulette.

*This white paper is for informational purposes only and is subject to change without notice.