How are KEYS burned?

KEYS charges a transaction fee on all NFT sales (fee for the seller) and transactions made within the KEYS product ecosystem. 18% of all net revenue from these fees is used to buy back and/or burn KEYS by sending them to the burn address and removing them from circulating supply.

Why burn KEYS?

The amount of KEYS burned is directly tied to the activity and usership of products within the KEYS ecosystem. This adds a significant deflationary aspect to KEYS that positively affects price. Thus, our holders and community benefit as the KEYS product ecosystem grows.