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- In October 2021 we launched the PILOT burn program. With this, we started to burn PILOT tokens each quarter as they are unlocked from the vesting contract. This scheme is designed to benefit our community of token holders.
- Overall, the scheme will lead to 78% of the total supply being burned, leaving only 4.4m tokens. These 4.4m tokens will not necessarily ever enter circulating supply, and there may be additional burns in the future.
- These rewards are not inflationary. The Unipilot protocol takes a cut of fees earned on the protocol, and 40% of this revenue is shared with PILOT stakers, with the remainder used to cover protocol expenses, helping us to limit PILOT inflation.