ASG Burning Announcement

Where does all the ASG generated and used end up in? Do players need to worry about ASG inflation? Let’s find out in this announcement.

Overview

As discussed in the previous AMA, we’re announcing details regarding the ASG burning process.

What does burning ASG mean? Why burn?

No, no one is going to light your ASG on fire. ASG burning is the process of permanently removing a certain amount of already spent ASG by depositing them into a dead contract.

We’re burning ASG in order to maintain the transparency and balance of the ASG flow.

So where do we get the ASG to burn?

We would like to emphasize that only NFT Heroes owned by a player can generate ASG through the game. No other person (including the developer) has the right to falsely create more ASG in any way. All the ASG that has been used as rewards in community events was acquired by the team from the market.

Most of the ASG used by players in Summoners Arena will be burned.

Which ASG supply is being burnt, you may ask?

Most of the ASG that players spent during their experience at Summoners Arena: Idle RPG will be burnt. Details are provided below.

How much ASG is being burned?

We will divide the total amount of ASG in circulation at the moment into 3 parts: one part is owned by players, one part is used as revenue and the rest is burned.

Details of the amount of ASG in circulation are as follows.

51% of the total number of ASG will be forever eliminated from circulation.

We will be burning the indicated amount of ASG at 7 AM on May 15, 2023 (UTC)

Txn Hash of ASG burn: https://bscscan.com/tx/0xccf62f3137691bc9ca14b930726d8f4280fd79a6fb641275efd914e204cd0cff

Final

With the desire to create a sustainable game economy, your best interest is of utmost importance for us. The announcement of ASG burning details is one of the practical and transparent actions that Summoners Arena can do for our community.

A lot of interesting updates are coming to SA World in the future. Stay tuned for upcoming announcements!