Empowering the Blockchain through Aggregation
UI POB (Proof of Burn)
Participation in POB signifies commitment to the long-term success and sustainability of UIIC
Understanding POB
What is Proof of Burn
POB Concept
Users will 'burn' some or all of their tokens in order to obtain a new Mint method of ecological contribution equity value.
Token Destruction
Participants send the Token to the 0x000...00dead black hole address, which is permanently destroyed and cannot be retrieved or reversed, effectively reducing market circulation and ensuring stable growth of UIC's market value.
Aggregation Method
20% of any kind of Token + 80% UIC are aggregated, and the output of computing power equity is obtained based on the destruction contribution value.
Incentive Alignment
Align the interests of participants with the long-term health and success of the network, as burning tokens represents a significant investment in its future.
Decentralization and Participation
Encourage a more decentralized network by allowing participants to contribute to ecological governance and decision-making. Each participant can receive contribution value based on weight.
Blockchain Technology
Using blockchain technology, a completely decentralized application is built without the need for traditional databases or centralized servers, and all interactions are conducted on the blockchain. This is a true DeFi (decentralized finance) application that complies with Web3 standards, ensuring complete decentralization.
Leveraging POB in UIIC
Role of POB in the UIIC Ecosystem
In the UIIC ecosystem, Proof of Burn (POB) plays a critical role
Creates Scarcity
Through UI POB, the market circulation of UIC is effectively reduced, and each participant is given real ecological return rights, making UIC continue to have unlimited deflation and unlimited value.
Enhances Stability
UIC POB enhances the cohesion and stability of the community, and obtains long-term and stable returns by jointly empowering the ecology and jointly governing the community.
Signifies Commitment
The destruction contribution value of UI POB participants means that users have long-term confidence in the development of UIIC.
Insights from Blockchain Veterans
Wisdom on Token Burning
Token burning is not only to reduce market circulation but also, from the perspective of fundamental economics, it allows each participant to obtain immutable and genuine equity values through the technology of blockchain smart contracts. It reflects the spirit of being willing to participate in the long-term development of the community.
Chloe Williams
Chief Strategy Officer
Blockchain Innovations Corp
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