Nexpace just volunteered to set fire to its own allowance. Weirdly, it might be the good kind of burn.
From December, every weekly Contribution Reward release goes straight to the burn address for at least 52 weeks. The contributor cashing those releases? Nexpace.
Plus a one-time burn of ~95.7M $NXPC from the Recycle Vault. Headline: "30% of circulating supply." Fine print: their only exit was Item Fusion, switched off since January.
So the 30% is mostly a bookkeeping bonfire. The real cut is the drip: ~83.7M NXPC that never hits the market.
Follow the Value: H1 protocol revenue ~31.0M NXPC vs ~28.1M paid to players. 94.8% came from in-game spending like item enhancement.
Who wins: holders, a year without the weekly unlock. Who funds it: Maplers smashing the enhance button. What's theater: torching coins that couldn't leave the vault anyway.
651.5M NXPC still sits in that allocation. Is "minimum 52 weeks" a burn plan, or a snooze button?
https://x.com/Nexpace_HQ/status/2119657965305340346