MultiversX's Burnify Expands to Cronos Chain With "The Battles"; Gamified Twist on Token Burns
Token-Burning Meets Gamification as Burnify Brings Its Unique Concept to Cronos
Key Takeaways
Burnify introduces its innovative burning concept, “The Battles,” to the Cronos Chain.
Gamified system pits two fighters against each other — whoever burns the most tokens loses.
The winning side takes all the rewards.
Launching soon on Cronos testnet.
The Cronos Chain is about to witness a fiery new concept as Burnify, known for its innovative approach to token burning on MultiversX, announces its expansion with “The Battles.” This gamified burning mechanism aims to foster engagement, competition, and project sustainability within the CRO ecosystem.
What Are “The Battles”?
In this new concept, two participants (referred to as fighters) face off in a battle where token burns determine the outcome. The dynamic is simple yet competitive:
Whoever burns the most tokens loses the fight.
The winning side takes all the rewards.
This approach transforms traditional token-burning processes into an engaging competition, making burn events more interactive and community-driven. The battles are set to roll out soon on the Cronos testnet, and the challenge is clear: Who will be the first to step into the ring?
About Burnify
Burnify is a platform designed to revolutionize token burning by transforming it into an active and rewarding experience. Unlike conventional methods where token burns happen passively, Burnify introduces a 24-hour competitive cycle that lets users actively engage and earn rewards, including $BFY and $EGLD tokens. This method supports:
Community engagement through participation and competition.
Project sustainability by driving regular burns and reducing token supply.
Innovation in token economics through gamification.
Originally designed for the MultiversX ecosystem, Burnify has proven to be a catalyst for growth, enhancing both user engagement and economic health.
Impact on Cronos
The arrival of Burnify’s “The Battles” on Cronos Chain is set to boost user interaction and introduce a fresh, competitive edge to the community. By incentivizing participation through rewarding burn competitions, Burnify not only promotes deflationary mechanisms but also strengthens the sense of community within the #CROFam.
Source: Burnify X
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