Hey there, crypto enthusiasts! If you're keeping an eye on innovative projects in the blockchain space, you've probably heard the buzz around Interlink's latest move. On September 23, 2025, BSCNews tweeted about the kickoff of $ITLG token burns, highlighting a system that's already in action since early September. This isn't just another hype cycle—it's a smart mechanism designed to make the token more valuable over time. Let's break it down in simple terms.
First off, what exactly is $ITLG? It's the Interlink Genesis Token, part of the Interlink network, which focuses on building a human-centric blockchain in the age of AI. Think of it as a way to reward real people (called human nodes) for participating in the network, like verifying transactions. The total supply starts at 100 billion tokens, with 80% going to these human node miners and 20% for incentives and rewards. $ITLG isn't just for holding—it's used for governance (voting on project decisions), payments in mini-apps, and even getting early access to new launches.
Now, onto the exciting part: the token burn system. Interlink rolled this out on September 1, 2025, as announced in their original post. Token burning means permanently removing tokens from circulation, which reduces the overall supply and can help preserve or even increase the token's value. It's like how Ethereum burns ETH through its EIP-1559 upgrade to create deflationary pressure.
How does it work here? The system ties burning to network activity. If human nodes go inactive—meaning they stop participating in things like transaction verification—their rewards get burned over time until they're completely depleted. This encourages everyone to stay engaged, keeping the network healthy and efficient. It's also linked to "Proof of Burn" (PoB), a consensus method where burning tokens proves commitment to the network, ensuring only verified and clean accounts thrive.
The benefits are pretty straightforward:
- Scarcity boost: With burns happening regularly, the 100 billion supply shrinks, potentially driving up demand and price.
- Active community: No more dormant holders leeching rewards—everyone has to contribute.
- Long-term value: By mimicking successful models like Ethereum's, Interlink aims for sustainability in a volatile market.
From the tokenomics side, $ITLG plays a key role in Interlink's dual-token setup (there's also $ITG as a reserve asset). Holders get proportional incentives based on their stakes and activity, making it rewarding for genuine participants. While there's no exact burn schedule detailed yet, the focus is on gradual reduction to maintain fairness.
Community reactions in the thread? A mix, but some users are optimistic, noting that "token burns are legit strategic moves" and calling for more data on burn metrics and supply impact. It's clear this is a pivotal moment for Interlink, especially with potential exchange listings eyed for later in 2025.
If you're into meme tokens or utility-driven cryptos with a twist, $ITLG's burn system could be a game-changer. It blends scarcity tactics with real-world participation, setting it apart in the crowded blockchain scene. For more details, check out the full scoop on BSC News. Stay active, folks—your tokens might depend on it! 🚀