The $MINT Token
The $MINT token is The Mintstarter Platform’s native multi-utility token that powers The Mintstarter Ecosystem. The $MINT token will serve a variety of use cases, firstly being a token in which the community may choose to hold, in turn, sharing in the various successes and achievements made by The Mintstarter Team. Secondly, the $MINT token will be utilized for promotional purposes to secure an NFT collection placement on the Mintstarter front page. This process requires the collection creator to purchase the $MINT token at the current market price and then use it as a payment for a promotional placement, in which the tokens are permanently burned and removed from the total circulating supply. This mechanism is deflationary, constantly decreasing the $MINT token supply and increasing demand and token price.
Additionally, a significant portion of the site taxes on creating NFT launches will also be purchased back into the $MINT token, creating further buying pressure. Lastly, the Mintstarter Platform offers reduced fees for projects that offer whitelisting allocations to $MINT holders. By staking the $MINT token, holders will access unique NFT drops.
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