burn

Roam Points - Token Reverse Burn Pool Launched, Stickers Become the Core of Arbitrage

ChainCatcher news, the Roam reverse burn feature has been launched, allowing users to convert ROAM tokens back to Roam Points within the app. The reverse conversion rate is based on the average rate of the general pool and the sticker pool, with 97% of the reverse burn tokens being immediately destroyed. This mechanism and the official burn pool feature will be activated after the TGE. Since the conversion efficiency of the sticker pool is higher than that of the general pool, users holding enough stickers can convert tokens into points through the reverse mechanism and then burn them in the normal sticker pool to earn more tokens for arbitrage. The number of stickers is the key burning material, which can only be obtained by checking in through the app. This process incentivizes users to participate in network validation, enhancing the value of ecological data, advertising, and traffic, and increasing cash income.The Roam burn pool went live on March 8 at 7:30 AM Beijing time. Through a dual burn mechanism, it will achieve dual deflation of points and tokens, ensuring the long-term stability of both values. Previously, on March 6 at 6:00 PM, ROAM spot trading went live, opening at $1.0433 and later stabilizing at $0.39, with trading volume exceeding expectations. The contract feature was launched on March 7 at 6:00 PM on seven exchanges including Bybit, Bitget, and LBank, supporting 1-50x leverage perpetual contracts, with a strong market response further injecting momentum into the ecosystem.
ChainCatcher Building the Web3 world with innovators