🔥Coin Burn

See Tokenomics for more information on supply

How burning works

Diagram

Address	Description
0x1	Extend the life of the $3ULL node rewards, by reducing the number of tokens in circulation and not reducing the cap
0x0 and all others	Permanent burn, reduce the cap from 50B

Mechanic	Description
Gas Fees	Gas fees are sent to the 0x1 address
10% Ecosystem 3ULL	10% of ecosystem earnings such as Marketplace Fee's, First Party NFT Sales, etc are sent 0x0 reducing the total cap

Example Marketplace:

if a marketplace listing was sold for 100,000 3ULL, the flow of funds is as follows:

• 6,750 3ULL transferred to the ecosystem treasury (not the same as the company treasury)

• 750 3ULL is burnt

• 92,500 3ULL is transferred to the listing owner

First Party NFT Sales: Ifyou mint a brand new Nexus NFT for 10,000 3ULL, the flow of funds is as follows:

• 1,000 3ULL is burnt 9,000 3ULL is transferred to the ecosystem treasury (not the same as the company treasury)

Treasury Manager

Contract Address

The treasury manager recieves all income from marketplace fees, and first party NFT sales.

10% is burnt on the withdrawal of thse funds.

Note: The 3ULL NFT, and VI3 are manual withdrawals to the Treasury, as these contract were deployed prior to the treasury manager. All future sales will go through the treasury manager.