THELOGICALINDIAN - OVR launched its new Token Burning Program on 1 November to accomplish its own tokens added attenuate and admired The after-effects of this aboriginal ages of November saw a absolute of 246 thousand OVR austere
OVR and the Numbers From the Token Burning Program’s First Month
OVR’s updated badge economics started on November 1, 2021, afterwards the OVR aggregation austere about 1 actor of its tokens aftermost May.
By the end of aftermost month, the belvedere had calm a absolute of 615,365 OVR from its sales of OVRLand NFTs, excluding GAS costs.
As anticipated, the Token Burning Program foresees that 40% of the calm OVR are burned, while 10% is acclimated to incentivize OVRLand sales with account draws amid new OVRLand buyers application Chainlink VRF.
And indeed, for this ages of November 2024, the absolute tokens austere bulk to 246,146 OVR, while exactly 61,536 OVR accept been committed to the OVRLand draw on Chainlink.
In general, the added OVRLands purchased on Chainlink, the college the anticipation of acceptable the jackpot.
OVR and Its Updated Token Economics
In adjustment to amend its badge economics, OVR has resorted to smart contract burning to accomplish its own OVR badge scarcer and added valuable.
To bigger accept the concept, it would be advantageous to lower the estimates for a moment, by chief that out of the 1.6 abundance OVRLands available, alone the 100 actor OVRLands that accord to the credibility of absorption recorded on the Open Street Map are taken into account, anniversary of which is affected to be no beyond than 1 OVRLand.
That actuality the case, if the amount of 1 OVRLand were $10 and the amount of OVR were $1, the absolute sales of the 100 actor OVRLands would accomplish 1 billion OVR. Of this:
The Next-Level AR Metaverse and the Map2Earn
Recently, OVR additionally announced the development of OVR Land Mapping. In essence, acknowledgment to AI capability, OVR is breeding a abundant 3D map of the concrete apple in a metaverse on addition level, based on simple images taken from the smartphones of its users who accept absitively to participate in the Map-to-Earn.
In fact, OVR users who accompany the action become absolute OVRLand Scanners and can acquire OVR tokens artlessly by scanning concrete locations with the smartphone in their pocket.
This is a new way of monetizing, agnate to the play-to-earn that Decentralized Finance or DeFi amateur are alms their users.
OVR Map2Earn is a advocate mapping arrangement technology that overcomes the accurateness banned of GPS, consistent in anew scanned OVRLands accepting a area accurateness of up to 10cm.
To apprentice added about the activity appointment the website, and chase the aggregation on amusing media.
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Image Credits: Shutterstock, Pixabay, Wiki Commons
