Burn Mechanisms

Burn Mechanism Overview

There are no burn mechanisms planned for the first phase of the Impossible Cloud Network (ICN). During this initial period, the primary focus is on network growth, decentralisation, and incentivising participation.

In the maturity phase, burn mechanisms may be implemented as part of the network's evolution. For example, a portion of ICN's Treasury may be burned to permanently remove ICNT from circulation, helping to manage inflation and support the token's long-term value.

The introduction of any burn mechanism will be subject to protocol governance, allowing participants to propose and vote on its implementation. This ensures that burn decisions align with community interests and contribute to the overall stability and sustainability of the ICN ecosystem.