Today i am wisting Sweet shop and buy some sweet and Suddenly i have a buring question of the day and thinking ran the numbers On the Burn or Earn mechanic and what the 70% burn actually did to total supply math.
season 1 airdrop pool were 70 million GENIUS tokens. holders had two choices claim early within 7 days and receive 30% with 70% permanently burned or vest full allocation for one year. if even 50 % of season 1 recipients chose the early claim option, 50% of 70M = 35M tokens × 70% burn rate = 24.5M tokens permanently destroyed 24.5m . that means up to 24.5M tokens never enter circulation from season 1 alone.
The actual claim rate was never published. genius terminal did n0t disclose what percentage of season 1 recipients chose burn versus vest.without that number the actual circulating supply from season one airdrop is unknowable.the 335M initial circulating figure includes some burned tokens baked in but the exact split is not available.
burn 0R earn is marketed as a deflationary mechanism. if 90% of users chose to vest the full year, almost no tokens were burned and the mechanism had minimal deflationary effect. if 90% claimed early 63M tokens were permanently destroyed from the 70M pool. the actual supply impact ranges from near 0 to 63M destroyed a massive range with no published answer.
Total tokens claimed early in season 2 versus season 1. if season 2 has similar burn Or earn mechanics that comparison tells you the actual user behavior pattern.
math dont lie. some bad people do