Token Burning Mechanism

Governance Participation: When token holders participate in governance decisions by voting on proposals, a percentage of the tokens used for voting is burned. This encourages active participation in shaping the future of the Sweet Pop ecosystem while reducing the total token supply over time.

Exclusive NFT Whitelist: Token holders who gain access to the exclusive NFT whitelist contribute to the token burning mechanism. A portion of the tokens used for the mint will be burned. This incentivizes token holders to participate in the NFT ecosystem and rewards early adopters.

Revenue Sharing and Buy Backs: Sweet Pop allocates a small percentage of the revenue generated from event concessions, ticket sales, and other sources to buy back $SPOP tokens from the market. These tokens are then burned, reducing the circulating supply and potentially increasing the value of remaining tokens. Additionally, a portion of the revenue allocated for revenue sharing among token holders is used to buy back and burn tokens, further contributing to the token burning mechanism.

By integrating token burning with governance participation, NFT access, and revenue sharing, Sweet Pop creates additional value for token holders while incentivizing active participation, engagement, and community growth within the ecosystem. Note: Subject to change as we develop new mechanisms involve in the ecosystem.