Deflationary Simple Token (DST) is digital asset which is burned at the rate of 10% of the total supply monthly.
There is an initial total supply of 10M DST tokens. No additional tokens can be created. Each month, two simple actionsShow more [+] cur:
A snapshot is taken on the 15th of every month to determine the circulating supply. Of the total supply, 10% is burned on that day. The burn is recorded to the ledger and is transparent.
On that same day, a percentage of the remaining total supply is added to the circulating supply at a preset ratio.
This ensures that supply is available to potential holders of DST. It also ensures a steady decline of total supply over time. Once there are only 10,000 DST in existence, the supply burn will cease.