Token Burn Plan

MTT Sports announces token burn plan and three strategic initiatives to optimize platform ecosystem

ChainCatcher news, MTT Sports CEO Joe announced three core strategies during a media interview at the TOKEN2049 summit, involving tokenomics adjustments, user incentive system optimization, and community ecosystem development. The details are as follows:1. Token Burn Plan: Long-term Value Strategy​​MTT Sports plans to gradually buy back and burn 1 billion MTT tokens over the next few quarters, accounting for approximately 47.6% of the current total supply of 2.1 billion tokens. The company stated that this move aims to stabilize the token ecosystem by reducing circulation, enhance market confidence, and create synergy with the platform's revenue cycle.2. Incentive Model Transformation: From "Free Mining" to Targeted Rewards​​The platform will gradually phase out the early "free mining" mechanism used for user growth, replacing it with a more sustainable "Trial Ticket" system. The new plan will prioritize rewarding active users who make substantial contributions to the platform, rather than simply increasing the number of users.Community-Driven Esports Ecosystem: Launching the MTT Club System​​MTT Sports will launch a decentralized club framework called the "MTT Club System," allowing users to create clubs, customize event rules, settle in multiple currencies, and design personalized competition formats. This feature is seen as the infrastructure for building a community-driven esports ecosystem.
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