SphereX
  • SPHEREX
    • SphereX
    • Why choose us
  • PRODUCT
    • Portfolio
    • Leverage Trading
    • Referral System
    • Activity Center
      • Lucky Spin
      • Betting Wheel
    • Help Center
  • $HERE
    • What is $HERE
    • Tokenomics
    • Token Empowerment
  • MECHANISM
    • TraderDao
    • Liquidation
    • Deflation
  • FOR DEVS
    • API
  • PROGRAM
    • Grants
    • Ambassador Program
    • Bug Bounty
  • COMMUNITY
    • Social Media
    • Media Kit
  • TUTORIAL
    • Trade
  • USER PROTOCOL
    • Terms of Service
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  • OTHERS
    • SphereX Team
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  1. MECHANISM

Deflation

SphereX implements a deflation mechanism to manage the supply of $HERE tokens, ensuring scarcity and long-term value for the native token. Through strategic token burning and buyback initiatives, SphereX controls inflation, driving market demand and benefiting token holders.

  • Token Burning: SphereX will periodically use a portion of transaction fees or other revenue to buy back and burn $HERE tokens. Each burn reduces the total supply of $HERE, increasing scarcity and contributing to a higher market value.

  • Buyback Mechanism: Upon reaching specific profit milestones, SphereX will repurchase $HERE tokens from the open market. This strategy increases demand for the token and boosts token holders’ confidence in the platform’s growth.

  • Long-term Impact of Deflation: The deflation mechanism is designed to safeguard the long-term value of $HERE by ensuring a healthy supply-demand balance. Regular token burns and buybacks help mitigate inflationary pressures, providing long-term value appreciation opportunities for token holders.

The deflation, liquidation, and TraderDAO mechanisms form the core operational foundation of SphereX, ensuring security, liquidity, and robust community participation in a decentralized environment.

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Last updated 7 months ago