NodesFarm
  • Welcome
  • node farm ai introduction
    • What is NodeFarm ?
    • The Invisible Gold Mine
    • The Opportunity
    • Introduction to NodeFarmAI
  • Node Farm Nodes
    • What is Nodefarm Nodes
    • Real-Time Updates
    • Distributed Computing
    • The Power of a Decentralized Network of Nodes
    • How to run a node?
    • Nodefarm Coordinator
    • How It Works ?
    • Key Benefits Users
    • Benefits and Pricing
    • Referral Cashback
    • Upkeep
  • How-To Guide
    • Login Nodefarm
  • ECOSYSTEM
    • NODEFARM TOKEN ($NFM)
      • NodeFarm Tokenomics
      • Nodefarm Airdrop
      • NodeFarmToken Staking
    • NodeEco Token ($NEC)
    • Nodefarm Points (Npts)
    • Burn
    • Staking/Farming
  • Others
    • FAQ
    • Official Link
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  • Mechanism for Burning NEC to Acquire TON
  • Transparency and Security:
  • Benefits of the Burn-to-TON Mechanism:
  1. ECOSYSTEM

Burn

Mechanism for Burning NEC to Acquire TON

The updated mechanism introduces a deflationary model by burning NEC tokens in exchange for TON, enhancing the long-term value of the Node Eco ecosystem. This process provides participants with immediate liquidity while reducing the circulating supply of NEC tokens, fostering ecosystem stability and growth.

Step-by-Step Conversion Process:

  1. Earning NEC Tokens:

    • Participants earn NEC tokens as rewards for their contributions to the NodeFarmAI network. These contributions may include operating bandwidth nodes, engaging in network activities, or other ecosystem-related efforts.

  2. Accessing the Conversion System:

    • After accumulating NEC tokens, participants can access the conversion system via the NodeFarmAI platform. Designed for ease of use, the system ensures a smooth experience.

  3. Burning NEC Tokens:

    • Instead of swapping, participants initiate the burn process by selecting the amount of NEC tokens they wish to exchange for TON. The conversion rate remains fixed at 1 NEC = 0.0005 TON, providing a predictable and stable value. During this step, the selected NEC tokens are permanently burned, reducing the overall supply.

  4. Receiving TON Tokens:

    • Following the burn process, the corresponding TON tokens are transferred directly to the participant's account. These tokens can then be withdrawn to preferred wallets for immediate use.

Transparency and Security:

  • The burning and conversion process is secured and verified through blockchain technology. Each transaction is recorded immutably, ensuring transparency and trust among participants.

Benefits of the Burn-to-TON Mechanism:

  • Deflationary Impact: Burning NEC tokens decreases the circulating supply, increasing scarcity and potential value over time.

  • Immediate Liquidity: Participants gain instant access to rewards in the form of TON tokens.

  • Predictable Value: The fixed conversion rate ensures reliability and stability for users.

  • Ecosystem Growth: The deflationary model fosters long-term sustainability and value appreciation within Node Eco.

By incorporating a deflationary mechanism, NodeFarmAI reinforces its commitment to innovation, transparency, and value creation. This approach not only strengthens trust among participants but also promotes active involvement, driving sustainable growth for the Node Eco ecosystem.

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Last updated 1 month ago

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