XRIDE White Paper
  • Welcome to the Xride
  • Xride introduction
    • What is the Xride Project and What does it offer?
  • App ecosystem
    • Peer to Peer Ride
      • DeFi Web3 Fare payment system
      • Bidding system
      • Cancellation of trips
      • Second route or waiting request in trip
    • Drivers NFT
      • Allowance for drivers
      • Drivers achievement points
    • Passengers NFT
      • Passengers achievement points
      • Passenger Loyalty Rewards
    • Internal wallet
    • Artificial intelligence
    • DeFi Revenue-Sharing Mechanism
    • Decentralized Data Storage
    • On-chain peer-to-peer calls and messages
  • Next Developments
    • Food and Package Delivery Services
    • Delivery Smart Insurance
    • Flight and hotel booking
    • Xride Online Shop
    • Xbank
  • Project Tokens and Economy
    • Introduction XRD and Tokenomic
    • Anti-inflation Mechanism
    • Burning per transaction
    • XRD fundraising plan
    • Sale Proceed Allocation
    • What is the X token?
  • Other Features
    • Airdrop Campaign in Telegram Mini App
    • Xride Digital ID
    • NFT Staking
    • XRD staking
    • X staking
    • Xride earn
      • lottery
  • Community and business development
    • VIP Drivers and Passengers
    • Drivers Club Referral Program
    • Passengers Club Referral Program
    • Community Vote
    • Business and Partnerships
      • Freelancers reward Pool
      • Collaboration staking Pools
  • Legal affairs and security
    • Xride company
    • Smart contracts Audit
    • Bug Bounty Program
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  1. Project Tokens and Economy

Burning per transaction

This feature will be enabled only once the Xride community votes for it.

Burning Option:

  1. Transaction Fee: The smart contract collects a 1% fee from each transaction. This fee is designed to enhance stability and control unwanted inflation within the ecosystem.

  2. Dynamic Burning: The collected transaction fees (1%) are not kept by the platform but are instantly forwarded to the ecosystem's dynamic burning mechanism. This means that a portion of tokens is burned or removed from circulation with every transaction, reducing the total supply over time. Burning is a deflationary mechanism designed to increase the value of the remaining tokens.

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Last updated 11 months ago