Ninja Squad Ecosystem
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  • 🥷Meet with NST
  • ⛩️Introduction
    • NST & Ninja Ecosystem
    • Goals & Objectives
    • Mission & Vision
  • ⌛Project History
    • Inception & Development
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  • 🔮NFT Collections
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    • Ninja mfers NFT
  • 🪙$NST: Fuel of the Ecosystem
    • $NST Use Cases
    • $NST on Ethereum
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    • $NST on Solana
    • Bridging
  • 🇮🇲Products & Services
    • Ninja Squad
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    • NFD (Non-Fungible Designs)
    • Mentorship
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  • 🛣️Roadmap
    • Past Milestones
    • Future Objectives
  • 🔢Tokenomics
    • Token Details
    • Token Distribution
    • Token Burning & Utility
    • Current Supply Status
  • ℹ️Socials & Contact Info
    • Ninja Socials Information
    • Ninja Products Information
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  1. Tokenomics

Token Burning & Utility

In the Ninja Traders ecosystem, token burning plays a vital role in maintaining the value and sustainability of $NST tokens. Following the utilization of tokens for various utilities within the platform, a significant portion of these tokens is systematically burned. To date, a total of 1,350,000 tokens have been burned, effectively reducing the overall token supply and enhancing the scarcity of $NST tokens. Token burning serves multiple purposes within the ecosystem. Firstly, it helps regulate the token supply, ensuring that it remains aligned with the growing demand and utility of $NST tokens. By reducing the circulating supply, token burning creates a deflationary pressure, which can potentially lead to increased token value over time. Furthermore,token burning enhances the token's scarcity, making it more desirable.

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Last updated 1 year ago

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