Deflation and Fees

According to economic theory, good assets must have utility and scarcity. The economy of IDOLS coin was developed so that over time tokens burn and become increasingly scarce. Therefore, the demand of the tokens increases as new partnerships with celebrities are launched (the utility value of the Idols coin increases) and the supply decreases, a natural long-term price appreciation trend is created.

There are 3 types of burning methods for the IDOLS coin ecosystem:

1- Exchange trading fees: 50% of the IDOLS received as a trading fee for the pair IDOLS/USD(stablecoin) will be burned.

2- Stake Exit Fee: 10% of every IDOLS stake withdrawal will be burned.