The Snowball project operates on a 6-month cycle, with the current destruction progress reaching 6.24%, steadily destroying 1% of the Token supply daily. The project's core mechanism adopts a flywheel acceleration model—any Token transaction that participates in the protocol will trigger a 5% transaction fee, which is entirely used to repurchase and destroy the native Token $Fireball, creating a continuous destruction-repurchase-flywheel cycle. Through this design, the project achieves a positive operational mechanism of destroying while trading, enhancing the Token's scarcity expectation.
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RatioHunter
· 2h ago
Wow, this flywheel design is something!
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MetaverseVagabond
· 2h ago
6.24% burn progress, to be honest, it's a bit slow, still needs half a year.
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BlockchainFries
· 2h ago
This flywheel model is indeed amazing, with a daily burn rate of 1% that is no joke.
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ForkTongue
· 3h ago
Oh, this flywheel model sounds good, but it only destroys 6.24% in 6 months. Why is the progress a bit slow?
The Snowball project operates on a 6-month cycle, with the current destruction progress reaching 6.24%, steadily destroying 1% of the Token supply daily. The project's core mechanism adopts a flywheel acceleration model—any Token transaction that participates in the protocol will trigger a 5% transaction fee, which is entirely used to repurchase and destroy the native Token $Fireball, creating a continuous destruction-repurchase-flywheel cycle. Through this design, the project achieves a positive operational mechanism of destroying while trading, enhancing the Token's scarcity expectation.