$MKONG v2 is a hyper-deflationary custom contract that runs on the Ethereum blockchain. It has 5 burn mechanisms and is fully upgradeable, with the flexibility to add more fuel to the fire in the future.

FIVE Burn Mechanisms:

• Burn on Sells
• Single-sided Liquidity Pool Burn
• Burn to Fast Track to 42% APY
• Burn on Emergency Unstake
• Auto Single Sided Liquidity Pool Burn

$MKONG Staking Explained

Staking $MKONG accrues an introductory yield of 4.2% and spans a yield of up to 42.0% APY, paid in $MKONG.

Staking yield is generated from the staking contract and keeps $MKONG 100% deflationary — no new tokens will ever be minted.

Staking yield is generated per minute and can be claimed direct-to-wallet or rolled back into the staked balance at any time. Staking has a nine-day hold/cooldown period. An emergency unstake will bypass the nine-day hold by burning 9% of the unstaked amount.

$MKONG Burning Explained

Burning $MKONG benefits all holders by eliminating tokens out of the circulating supply, thereby increasing its value. While there are automatic burns in place (sells, emergency unstakes, auto LP burn), holders have an incentivized option to burn their staking rewards to achieve an even greater APY while simultaneously triggering the single-sided LP burn to double the deflationary impact.

Holders can achieve the maximum APY by burning a total of 90% of the staked balance. To fast track, you can burn up to 10X of your staking rewards to increase APY by 10X (4.2% to 42%).

Visit our Medium article to learn more, including example burn strategies to maximize your APY! 🔥