Our Burn Model
We burn 10% of our profits as well as 10% of our revenue, to ensure FLEX holders consistently see burns taking place.
This model works out much better for FLEX holders because with our previous model, we would burn 20% of profits. However, being a growing startup, often expenses outweighed the profits, so FLEX holders were seeing no burns.
On top of this, we are also taking an additional 10% of our profits and revenue and paying it to the FLEXDAO. These funds will be used as staking rewards, ensuring there are long term incentives for users of the DAO.