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Dragon | Dragon Pools
Ticker: $DRAC Blockchain Network: Binance Smart Chain (BSC / BEP-20)
Smart Contract Address | Address Coming Soon
There's currently no hard cap on the supply of Dragon token, making it an inflationary token.
Community members often point to this as a cause for concern, and while the founding Dragon Riders certainly understand the wish for a hard cap, there's a big reason we don't expect to have one in the near future:
Dragon's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less of an incentive to provide liquidity (LP fees etc. would remain).

Emission Rate

Emission
Daily Emission
5 Tokens Per Block
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Distribution
Percent of Emission
Block Reward
Liquidity Providers
75%
30 Tokens
Pools
25%
10 Tokens

Deflationary Tokenomics

โ€ข 100% of Trading fees are used to buyback DRAGON Token and Burn โ€ข X% of DRAGON Token to Stablecoin conversion is Burned
So what are the other ways DRAGON's supply is limited, to counter inflation?

Increasing Block Emission Burns

By reducing the amount of $DRAC made per block, we slow inflation. But we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.

Deflationary mechanisms

Regular token burns are built into many of Dragonchain's products (like a X% burn of $DRAC spent on Dragonchain USD), with more on the way.

Milestone and random burns

We are regularly burning $DRAC for different milestones ($50 million TVL, for example), or sometimes just for fun. Make sure you keep up with our Twitter to catch all the latest burn announcements!