Ninja Blaze
  • What is Ninja Blaze
  • Introduction
    • Our Mission & Vision
    • Roadmap
    • Token
      • Tokenomics
      • Auction Basket
      • Airdrop
    • NFT
    • Ambassador program
    • Partners
    • Links and Contact Us
  • Platform
    • Mainnet
    • Telegram Bot
  • Games
    • Jackpot
    • Roshambo
    • Double
    • Lootbox
      • Secondary Market
    • Mines
    • Coinflip
  • Technology
    • Session Key
    • Verifiable Random Function
    • DAO
    • Audits
  • Additional
    • Brand Kit
    • Responsible Gaming
    • Privacy Policy
    • Terms & Conditions
Powered by GitBook
On this page
  1. Introduction
  2. Token

Auction Basket

PreviousTokenomicsNextAirdrop

Last updated 4 days ago

Auction Basket is the community-driven buy-back mechanism. This system ensures that the platform’s success translates directly into benefits for $NBZ holders. Here’s how it works:

  1. Weekly Auctions: Part of revenue generated is placed in the Auction Basket, where users can bid using $NBZ tokens. The highest bid wins.

  2. Token Burning: $NBZ tokens used in the winning bid are burned, decreasing the circulating supply.

  3. Liquidity and Value Growth: This mechanism enhances liquidity and ties the token’s value to the platform’s growth and adoption.

Example (illustrative amounts):

  • During a week, platform revenue was 1,000 INJ.

  • This entire amount is placed in the Auction Basket.

  • $NBZ holders bid their tokens in an auction. At the end the highest bid is equal to 200,000 $NBZ.

  • The highest bidder wins 1,000 INJ.

  • 200,000 $NBZ tokens from the winning bid are burned.

This process repeats weekly, creating a consistent cycle of value generation.