Use of Collected Fees
Mammoth utilises the fees collected from the platform to support its growth, sustainability, and the value of the $TUSK token. Here's how the collected fees are used:
Marketing
A portion of the fees is allocated to fund marketing efforts
This helps grow the Mammoth platform and attract new users
Marketing initiatives may include advertising, partnerships, and community events
$TUSK Token Buyback and Burn
The remaining portion is used to buy back $TUSK tokens from the open market
Bought back tokens are then burned, reducing the total supply
This mechanism offers several benefits:
Potentially increases the value of remaining $TUSK tokens over time
Supports a price floor for $TUSK tokens
Rewards long-term holders by increasing token scarcity
Aligns incentives between the platform, users, and token holders
Introduces a deflationary aspect to $TUSK
Signals market confidence in the platform
The exact split between marketing and buyback/burn may vary and will be communicated transparently to the community. This use of fees aims to create a sustainable ecosystem that benefits all participants while supporting the long-term growth and value of the Mammoth platform.
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