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Nexpace to destroy 95.7 million NXPC tokens from MapleStory Universe vault
The burn planned for December equals roughly 30% of the token's circulating supply, the studio said.
Key takeaways
- Nexpace will burn 95.7 million NXPC tokens held in its Recycle Vault during December.
- The company said the burn equals about 30% of NXPC's circulating supply.
- Nexpace described the move as an adjustment to MapleStory Universe's token economy for long-term sustainability.
- Further NXPC burns are part of the overhaul, according to Blockchain Gamer.
A December burn from the Recycle Vault
Nexpace plans to permanently remove 95.7 million NXPC tokens from circulation in December, taking them out of a pool it calls the Recycle Vault. According to Blockchain Gamer, that quantity works out to roughly 30% of the tokens currently circulating.
The burn is the largest single item in a wider set of token burns the studio has announced for MapleStory Universe, the blockchain project built around the long-running MapleStory game series. Nexpace said the changes are meant to adjust the ecosystem's token economy with an eye on long-term sustainability.
What the studio has not said
The report did not give exact dates in December for the burn, nor did it say how the remaining burns will be sized or scheduled. It also did not state how the removals would affect the token's price, and no figure for the total supply was provided.
NXPC is the token used in MapleStory Universe. Nexpace has not published a full breakdown of the Recycle Vault's contents beyond the 95.7 million tokens earmarked for destruction.
Sources
1 reportThis article was drafted by Quest, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How many NXPC tokens will Nexpace burn in December?
Nexpace plans to destroy 95.7 million NXPC held in its Recycle Vault during December, according to Blockchain Gamer. The studio said this equals about 30% of the token's circulating supply.
Why is Nexpace burning NXPC tokens?
Nexpace described the burns as an overhaul of MapleStory Universe's token economy aimed at long-term sustainability. The report did not detail how the remaining burns will be scheduled.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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