SOONX Token Burn Hits 6% With Third Buyback

September 1, 25 — SoonChain has completed its third SOONX token burn, permanently removing 2% of supply and bringing the total reduction to 6%. The move forms part of its deflationary strategy to halve circulating supply over the next 25 months.

AIGG Engine Powers Revenue-Backed Burns

SoonChain funds its SOONX token burn through revenue from the AIGG Engine, its AI-driven platform that simplifies game development. The engine generates income across multiple verticals, including game frameworks, immersive visuals, and automated smart contracts.

By tying the burn program to real revenue streams, SoonChain aims to differentiate itself from speculative projects. The latest burn was confirmed with an on-chain transaction link, underscoring transparency and utility.

Deflationary Strategy in Focus

Token burns are a common mechanism to reduce supply and increase potential value. SoonChain has adopted an ambitious model: 2% monthly burns for 25 months, designed to cut half of the total $SOONX supply.

This approach mirrors the strategy used by Binance Coin (BNB), whose quarterly burns have historically supported price appreciation. BNB grew fivefold between 2020 and 2023 as supply reduction coincided with ecosystem growth.

Market Reaction and Challenges

Despite the burns, $SOONX has dropped 70% over the last 3 months. Some traders remain skeptical, with critics labeling the project as risky. However, the structured schedule and revenue backing could provide long-term credibility.

Analysts suggest that aligning token supply cuts with utility growth, such as new partnerships or game launches will be crucial. Execution, transparency, and broader market sentiment remain key risks.