Burn Mechanism

1. Collaboration with Power Companies

• Mechanism Description: Starpower collaborates with power service providers to integrate a large number of distributed energy resources (DER) into the power company's Virtual Power Plant (VPP) services. The power company allows users to pay their electricity bills and other charges using Star tokens. The Star tokens received by the power company will be repurchased and burned by Starpower.

• Process:

  1. Users pay their bills using Star tokens.

  2. VPP service providers receive the Star tokens.

  3. Starpower repurchases these Star tokens using fiat currency.

  4. The repurchased Star tokens are permanently burned, reducing the circulating supply.

2. Device Sales and Network License Income

• Mechanism Description: A portion of the income from device sales and network licenses will be used to repurchase and burn Star tokens.

• Process:

  1. Starpower generates income from device sales and network licenses.

  2. A portion of this income is used to repurchase Star tokens on the secondary market.

  3. The repurchased Star tokens are permanently burned, reducing the circulating supply.

3. SaaS Product Service Revenue

• Mechanism Description: A portion of the revenue from SaaS product services will be used to repurchase and burn Star tokens.

• Process:

  1. Starpower generates revenue from SaaS product services.

  2. A portion of this revenue is used to repurchase Star tokens on the secondary market.

  3. The repurchased Star tokens are permanently burned, reducing the circulating supply.

4. Fixed Total Supply

• Mechanism Description: The total supply of Star tokens is fixed, with no mechanism for additional issuance. Through continuous burning mechanisms, the number of Star tokens in circulation will gradually decrease.

• Effect:

  1. Maintains the scarcity of Star tokens.

  2. Over time, the reduction in circulating supply can potentially increase the value of each token.