Token Burning

Token burning is the process by which a crypto coin project burns a certain amount of its crypto coin digital assets. The process involves transferring some amount of Cryptocurrency (specifically Token Coins) into a burn wallet address (also known as burner wallet) with no private key.

• LendFi burn rate is 0.62 LXT per mile.

• A percentage of the LendFi tokens used for payment of fees on the platform will be burned, reducing the total supply of LendFi in circulation.

• Tokens reserved for the founding team and early investors will be locked up for a certain period of time and gradually released over time to prevent dumping and maintain the token's value.