Institutions
Institutions
About Burn (ASH)
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ASH is a social token created by the artist Murat Pak. Pak has had multiple NFT drops and has gained a cult following of collectors due to the artist’s style and mystery. Collectors of Pak’s NFT collections are able to mint ASH tokens by sending NFTs to a burning contract.
Token
ASH is an ERC-20 token created by Pak. ASH can be mined by burning NFTs, bringing a dynamic balance to scarcity. For every NFT that is burned the rest become rarer, favoring their collectors. ASH currently has 2 burn tiers where Pak NFTs yield more ASH than others. Both tiers follow the same bonding curve mechanism with different multipliers. Halving happens at 5M token supply impacting all burn tiers. ASH is a fair launch token that started with 0 supply. "The Fungible" collection was Pak's first NFT collection to accept burning NFTs. LostPoets, another recent collection from Pak will allow burning of NFTs soon. Most Pak collections can be burned for ASH.
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