🪙Tokenomics
TXN Club's revenue stems from the transactions on the web and mobile application. As creators start to utilise features, a small percentage of the transacted volume will be used to generate the revenue. From this revenue the operational costs will be paid.
The profits from the application will be used for a reserve for future expansion of the platform/development team, integration of more platforms, mergers/acquisition of technologies, revenue share with partners, creators and users.
A portion of the taxes will also be utilised for buying back and burning the token. TXN Club ($TXN) has a fixed total supply of 100,000,000 tokens. As the application expands and processes higher volumes, the monthly buybacks will purchase tokens on the open market and burn them by sending to the dead address (0x000000000000000000000000000000000000dEaD). This process will convert TXN into a deflationary currency.
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