Community-driven mechanisms to burn 10% of the total $SWASH supply
Swash’s portion of profits generated from ecosystem revenue streams will be used to repurchase and burn tokens until 40M $SWASH is burnt
Jun 1 2022
Swash’s portion of profits generated from alternative innovations within the ecosystem will be used to repurchase and burn tokens until 15M $SWASH is burnt
The equivalent of 20% of the total amount of $SWASH staked in upcoming native staking programs will be burnt until reaching 5M burnt tokens
Aug 1 2022
DAO Ignition Fund
Equivalent of 10% of the monthly average of the amount held by the community for the duration of the DAO campaign will be burnt by Swash until reaching 5M
Feb 15 2023
Data for Good
For every 1 $SWASH donated by active users via Swash app’s Data for Good feature, the Swash team will burn 1 $SWASH until 5M tokens have been burnt
Swash App User Growth
For every 1M active users of Swash app, 4M tokens will be burnt until reaching 20M. A further 10M will be burnt for the next generation of adopters
how it works
Why Swash Smoke?
6 community-led burn modes
Token burning is an effective mechanism for incentivising ecosystem stakeholders and limiting the supply of tokens, typically with objectives-based or time-based conditions. Swash is launching 6 different burn mechanisms based on $SWASH tokenomics.
Rapid user growth has made the Swash Data Union app one of the biggest apps in the Web 3 space. As a people-powered movement, Swash is always exploring new ways to benefit its members and token holders as the true owners of the project to multiply the impact of the community.
10% of the total supply to be burnt
The tokenomics-based incentives within the Swash ecosystem will be taken from the Ecosystem & DAO Growth and Community & Platform Rewards pools which, combined, amount to 28% of the total supply, 280 million Swash tokens.
Impact of Swash Smoke
The token burn mechanisms are centred on driving value to the Swash ecosystem stakeholders. To get closer to decentralisation and truly balance the future data economy, Swash app members and token holders need new ways to make an even bigger impact.
Burns by week
History of Transactions