> For the complete documentation index, see [llms.txt](https://docs.nutstoken.net/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nutstoken.net/numbers/let-them-burn.md).

# Let them BURN!

## Burning Mechanisms:

* ElrondBet.net fees ( 2.5% of each NUTS bet is being burned 🔥)
* 20% from the SquirrelS royalties will be used to buy and burn 🔥 $NUTS from the DEX 
* 50% of the $NUTS tokens collected from the minting events will be burned 🔥
* 80% of the $NUTS tokens collected from the [ElrondBet Raffles](https://elrondbet.net/raffle) will be burned monthly
* The NUTS Treasury will buy $NUTS from the market at random times and burn it 🔥

More burning mechanisms will be adopted as we progress on this adventure.

{% hint style="info" %}
Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. 💹 This is done by permanently removing some tokens from circulation.
{% endhint %}

### Burn History

| Date       | Burned       | Tx Link                                                                                                                                      |
| ---------- | ------------ | -------------------------------------------------------------------------------------------------------------------------------------------- |
| 01.02.2023 | 1,073,134.30 | [Click to check on Explorer!](https://explorer.multiversx.com/transactions/514738a1d345c373b583912df11aa6621015c80f09062d7337f3cf9ef36f49aa) |
| 01.03.2023 | 101,850.54   | [Click to check on Explorer!](https://explorer.multiversx.com/transactions/69cd9220fe9ba8fb9058a5b790e1ad41ca526465fac0443b8367b8e69871c9ba) |
| 01.04.2023 | 31,417.50    | [Click to check on Explorer!](https://explorer.multiversx.com/transactions/d5a52a62176d36a25d45a61ccadab3154d926571c82b8e90be040433ac90e8fa) |
| 11.05.2023 | 5,040,889.20 | [Click to check on Explorer!](https://explorer.multiversx.com/transactions/765eceb6be13d7935f9352a3e9b682b88827785e249f4723dcb68822116c9634) |
| 30.08.2023 | 1,796,995.65 | [Click to check on Explorer!](https://explorer.multiversx.com/transactions/08cc2c33bfaed1e9281d9777332e68f500ab6f3ecdf64fccc65f36d700e7490e) |


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.nutstoken.net/numbers/let-them-burn.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.