Burn-to-Mint Launchpad
DeFive’s Burn-to-Mint (B2M) mechanism is an innovative launchpad feature that allows users to burn their FIVE tokens in exchange for tokens from new projects launching on the platform. This unique model not only provides early access to promising tokens but also permanently removes burned FIVE tokens from circulation, contributing to scarcity and stabilizing their value.
How Burn-to-Mint Works
Users participate in the launchpad by burning FIVE tokens.
In return, they receive tokens from the new project at a fixed exchange rate.
Burned FIVE tokens are permanently removed from circulation, reducing the overall supply and enhancing the tokenomics of the DeFive ecosystem.
DeFive’s launchpad has two phases: Private Burn and Public Burn. Both phases allow participants to earn new project tokens by burning FIVE, but they differ in eligibility and access.
Private Burn
Eligibility: Only specific users are eligible to participate. Criteria may include holding a minimum amount of FIVE, previous participation in launchpads, or other requirements set by the project.
Advantages: Private Burn participants enjoy time priority, ensuring they have the first opportunity to contribute before the Public Burn phase begins.
So far, we’ve successfully conducted two events (LUMOS and Sonic Name Service) on the Fantom network through WigoSwap, during which a total of approximately 210 million WIGO tokens have been burned.
The requirements for participating in the third event is either having participated in one of the previous two events or holding at least 2 million FIVE tokens.
Starting from the 4th burn-to-mint event, the conditions for the private phase will fully shift from holding FIVE to holding veFIVE. 🚀
Public Burn
Access: Open to all users once the Private Burn phase ends.
Conditions: The Public Burn phase only occurs if the launchpad’s hard cap is not reached during the Private Burn phase.
Why Choose DeFive’s Burn-to-Mint Mechanism?
Boost Ecosystem Value The B2M mechanism creates demand for FIVE tokens while reducing supply, reinforcing token scarcity and stabilizing value.
Support New Projects By participating in B2M, users gain early access to tokens from promising new projects, becoming part of their growth journey.
Fair Access The dual-phase structure ensures exclusive opportunities for eligible users during the Private Burn while maintaining fairness by opening the Public Burn to all.
Community-Driven Model Every launchpad aligns with DeFive’s broader goal of empowering the community to participate in and shape the platform’s success.
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