📌 The #CLEG spent by players in the game from May 15th to June 15th was burnt. Another deduction in the total supply of $CLEG, the Native token of “Chain of Legends”.
Therefore, the supply of $CLEG got more limited down to 810,692,568 $CLEG! 🤩 ✅ In this event, 70% of the CLEG that players spent in the game, approximately 12,481,291 CLEG ($47,400), got burnt successfully! 🏳️
#ChainOfLegends Ship anchored in the 11th harbor. It will pass more and get closer to the final destination! 🪩 🗣 In case you are interested in details 👇 👇 👇
Two Major Changes will happen after this DAO, and it’s all about the following two titles:
Personalized Withdrawal Fee
Monthly Special Treasury ‼️
As you may have noticed, we recently were fully focused on solutions to maintain the $CLEG price, which has led to a stable side trend in recent weeks. A few more steps to go to complete our efforts and head toward an uptrend $CLEG price.
Withdrawal Fee gets personalized depending on the $CLEG circulation of one’s account and it changes from 100 CLEG + 5% to 100 CLEG + (0 — 30)%!
The Fee varies from almost 0% to a maximum of 30%!
The formula that we calculate the Withdrawal Fee with is: (Total Withdraw + (current withdraw / 2)) / Total Deposit * 10
For new players, the Fee will be almost “Zero”!
For the players who withdrew 3x or more of their Deposit amounts, the Fee is 30%.
✅ Advantages
The advantage of this change is a shorter ROI period for new players by paying fewer Fee!
Only Players who already gained their ROI pay an extra fee. As this action helps increase the $CLEG price, their excessive losses get compensated by the increased price.
A stable uptrend $CLEG price attracts more players and investors.
As we move forward, the game will be more thrilling and exciting for the old players who have strong armies. You ask “How?”… Continue Reading!👇
In this scenario, 50% of the collected fees get burned and the other 50% goes to a reward pool for a special monthly competition. The first Competition is called “Captain’s Treasure”.
On the 15th of the next month On each Island, 1 Special Treasury appears in each difficulty of the Treasure Islands loaded with USDT prizes (A portion of the reward pool. Our estimation is 5x — 10x more resources).
The collecting time also increases based on the base damage of the players’ Heroes and the amount of Treasury within the Treasury spot.
A total of 6 Treasury spots appear next month. One in each difficulty!
Once Players attack this treasure and capture it, they have to defend it from other invaders who are seeking the New Treasury that appears on the Treasure Islands.
📌 The #CLEG spent by players in the game from April 15th to May 15th was burnt.
Another major deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 823,173,859 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 11,517,373 CLEG ($44,519), got burnt successfully!
🏳️ #ChainOfLegends Ship anchored in the 10th harbor. It will pass more and get closer to the final destination! 🪩
📌 The #CLEG spent by players in the game from March 15th to April 15th was burnt.
Another major deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 834,691,232 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 13,804,841 CLEG ($66,668.69), got burnt successfully!
🏳️ #ChainOfLegends Ship anchored in the 9th harbor. It will pass more and get closer to the final destination! 🪩
📌 The #CLEG spent by players in the game from February 15th to March 15th was burnt.
Another major deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 848,496,073 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 15,797,984 $CLEG (117,000 USD), got burnt successfully!
🏳️ #ChainOfLegends Ship anchored in the 8th harbor. It will pass more and get closer to the final destination! 🌐
— — — — — — — — — — — — — — — — — — — — — — 🗣️ In case you are interested in details
🎯 The #CLEG spent by players in the game from January 15th to February 15th was burnt.
Another major deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 864,294,057 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 22,671,735 $CLEG (263,363 USD), got burnt successfully!
🚢 #ChainOfLegends Ship anchored in the 7th harbor. It will pass more and get closer to the final destination! 🗺
😍 How do you like the video?! Cool, huhh!!
— — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details:
🎯 The #CLEG spent by players in the game from November 15th up to December 15th was burnt.
This Token Burn caused a deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 911,569,339 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 18,918,579 $CLEG (142,263 USD), got burnt successfully!
🚢 #ChainOfLegends Ship anchored in the 5th harbor. It will pass more and get closer to the final destination! 🗺
— — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details
🎯 The #CLEG spent by players in the game from December 15th up to January 15th was burnt.
A major deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 886,965,792 $CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 24,603,547 $CLEG (350.000 USD), got burnt successfully!
🚢 #ChainOfLegends Ship anchored in the 6th harbor. It will pass more and get closer to the final destination! 🗺
— — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details
🎯 The #CLEG spent by players in the game from October 15th up to November 15th was burnt.
This Token Burn caused a deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 930,487,918 CLEG! 🤩
✅ In this event, 70% of the CLEG that players spent in the game, approximately 18,264,609 $CLEG (152,000 USD), got burnt successfully!
🚢 #ChainOfLegends Ship anchored in the 4th harbor. It will pass more and get closer to the final destination! 🗺
— — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details
Token burn is an activity of burning a special part of the tokens or more technically sending them to the Null address! This means that the total supply of the token reduces after each burn. This procedure happens each time for CLEG on the 15th of each month, and 70% of all CLEG players spend inside the game get burned during an aggressive token burn event. It all started on August 15th, one month after the game’s launch. The total supply of CLEG was 1,000,000,000 CLEG. Now, after 3 successful consecutive burns, it reached 948,752,527 CLEG! These burns are the first simple deflationary method that our tokenomics endure maintaining the value of the token by decreasing the total supply. But, having a regular token burn system is also more effective than having a few total major burns.
2ND CLEG Burn 3RD CLEG Burn
https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FLB7gPj8vFmo%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DLB7gPj8vFmo&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FLB7gPj8vFmo%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube🔥🔥 #CLEG Token Burn / Second batch 🔥🔥
✅ 2ND CLEG Burn
🎉 The 2nd token burn took place on September 17th and we burnt the #CLEG that players spent in the game from August 15th up to September 15th 🤩
🎯 This phenomenon caused a deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 965,983,365 CLEG!
✅ In this event, 70% of the CLEG that players spent in the game, approximately 19.5 M $CLEG (175,000 USD), got burnt successfully!
🚢 This was the second port of #ChainOfLegends Ship and we’ll pass more of it each month, and each time we get closer to the destination! 🗺 — — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details
https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.youtube.com%2Fembed%2FB-0fl7tzu-0%3Ffeature%3Doembed&display_name=YouTube&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DB-0fl7tzu-0&image=https%3A%2F%2Fi.ytimg.com%2Fvi%2FB-0fl7tzu-0%2Fhqdefault.jpg&key=a19fcc184b9711e1b4764040d3dc5c07&type=text%2Fhtml&schema=youtube🔥🔥 #CLEG Token Burn / Third batch 🔥🔥
✅ 3RD CLEG Burn
🎉 The 3rd token burn took place and we burnt the #CLEG that players spent in the game from September 15th up to October 15th 🤩
🎯 This phenomenon caused a deduction in the total supply of $CLEG, the Native token of “Chain of Legends”. Therefore, the supply of CLEG got more limited down to 948,752,527 CLEG!
✅ In this event, 70% of the CLEG that players spent in the game, approximately 17.2 M $CLEG (108,000 USD), got burnt successfully!
🚢 This was the third port of #ChainOfLegends Ship and we’ll pass more of it each month, and each time we get closer to the destination! 🗺 — — — — — — — — — — — — — — — — — — — — — — 🔹 In case you are interested in details
This amazing phenomenon took place on August 15th for the first time for $CLEG, the Native token of “Chain Of Legends” 🤩
Read our first article about “Chain Of Legends” If this is your first time reading our articles.
Chain of Legends CLEG Burn First Batch
What happened in this Event?!
🎯 This phenomenon caused a deduction in total supply. Therefore, the supply of CLEG got more limited than before! Usually, the supply of CLEG gets reduced through the “Mining Cycles” system, and after passing 2 cycles, the production of CLEG got almost 10% reduced since the launch of the game (Version 1.0) on July 13th.
But, this is not the end! All of the tokens occasionally hold a token burn event and burn a portion of their token in order to make it rare and more valuable. This event for CLEG happens by the aggressive token Burn system that burns 70% of the CLEG that players spend in the game for upgrading their CLEG Mine or for repairing cost of the CLEG Mine.
🔹 You can see the details of the event in the following image 👇
