Token Burn
The Arkreen Foundation adopts a structured AKRE token burn plan to ensure long-term sustainability and maximize the ecosystem’s value. The token burn plan is designed to reduce the total supply of AKRE tokens and align the token’s utility with genuine on-chain green asset growth.
Why AKRE Token Burn Matters
Burning AKRE tokens permanently reduces its total supply, enhancing its value as a utility token. By aligning with genuine on-chain green asset issuance and offset growth, the burn plan ensures Arkreen’s utility token supply remains sustainable and reflects the external value capture of the ecosystem.
This burn plan represents a significant milestone in Arkreen’s mission to build a global decentralized renewable energy network and inclusive climate action platform, positioning AKRE as a valuable driver of global carbon neutrality.
How AKRE Token Burn Works
Arkreen reduces the AKRE token supply by burning part of the service fees.
The burn plan works in the following way:
- 80% of the service fee from on-chain utility revenue, paid in AKRE tokens, will be burned.
- 20% of the revenue will be transferred to the Treasury to fund the operational expenses of the Arkreen Foundation.
Burn History
The first burn took place on November 29, 2024, as the starting point of the plan, which burned 80% of the cumulative service fees by the end of October 2024. From December 2024, AKRE tokens are burned monthly based on the prior month’s service fee revenue.
| Burn Date | Burned Amount |
|---|---|
| November 29, 2024 | A one-time burn of 10,394,544 AKRE for cumulative service fees: Explore Transaction Read Burn Details |
| December 8, 2024 | 296,731.74 AKRE burned for ART issuance in November, 2024: Explore Transaction 720,084.28 AKRE burned for ART offset in November, 2024: Explore Transaction Read Burn Details |
| January 7, 2025 | 2,064,861.93 AKRE burned for ART issuance in December, 2024: Explore Transaction 2,909,628.57 AKRE burned for ART offset in December, 2024: Explore Transaction Read Burn Details |