06/08/2025
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[Notice] CROW Token Burning: Raising the value of CROW
Black Wings of Freedom
Greetings, This is NIGHT CROWS.
NIGHT CROWS will be improving the NIGHT CROWS tokenomics system and its stability to achieve our goal to “Enhance Token Value”, as announced through a notice posted on April 15th.
To increase the CROW Tokens' value in a stable manner, the CROW Shop underwent a renewal on April 15th and introduced new products that can be purchased with the Token. On July 29th, the new RAVN Token was introduced, and Crew could obtain RAVN Tokens through CROW STAKING. Through this system, the value of CROW Tokens was increased
In addition to the improvements stated above, we pre-announce to Crew that we will be ‘Burning’ CROW Tokens to further increase the value of CROW Tokens stably.
CROW Token is scheduled to be burned sometime during August. We will burn part of the CROW Token from the resources that were obtained as Character NFT trade fees. We will inform Crew of the exact date once the Token Burning has been completed.
⦁ Information on Tokens Burned
￮ Burn Token: CROW
￮ Burn Resource: Character NFT Trade fee
￮ Burn Period: August, 2025
￮ Burn Amount: Approximately 560,000
By burning CROW Tokens, we aim to permanently decrease the supply of CROW Token in circulation, which in effect will increase its scarcity and raise its value stably. This process will be important for Crew that are participating in the NIGHT CROWS’ tokenomics, as the value of assets obtained through Crews’ hard work will have significantly increased, specifically due to burning part of the fees obtained from Character NFT Trade.
We will continue to put in our best efforts into creating a stable and sustainable NIGHT CROWS Tokenomics economy.
Thank you.
