What is Burnin’ System? Innovative NFT mechanism
Hi, I’m Ikehaya, marketing lead of CNP.
I would like to explain a very interesting mechanism of CNP, “Burnin’ system”.
Burn one character and get one new character.
The burnin system allows you to exchange your CNP for a new character.
This is a completely replacement, and the original CNP will be gone from your wallet!
The hidden theme of CNP is “Wabi Sabi”.
Burned CNP will never be seen again…
To burn or not to burn, it is your choice.
Luna and Yama have been added.
CNP began with the following four characters.
*Narukami the Hawk
*Mitama the Ghost
*Orochi the Snake
*Leelee the Panda
In August, the first additional character, Luna the rabbit, was added.
And in November, the little demigod Yama was added to the list.
The snake and the hawk went back to their village.
The savvy reader will notice that unpopular characters are being exited by this system.
Many CNP owners burned Orochi the snake and Narukami the hawk!
I hope they are living happily ever after now that the summons has been lifted…
Unpopular characters will be burned and the supply will be reduced.
At the same time, new characters are added and these tend to become popular.
In fact, floor prices for Luna and Yama are higher than for other characters.
Retailers are replacing unpopular items with popular items.
The burnin system can be understood as a similar mechanism.
Even more interesting is the possibility that the supply of unpopular characters may be reduced, which would rather increase their popularity!
In fact, Orochi, who returned to his village in large numbers in the first burnin, has recently regained popularity.
Yes, this can be seen as a kind of economic game.
Now, would you burn the CNP?
Burnin’ continues.
This system is highly experimental and unique in the world.
The next burnin is scheduled for next spring.
The community has already started discussing what the new character will look like.
We will continue to make improvements.
The Japanese market has produced many of the world’s most popular anime, manga, and video games.
CNP will also grow into an entertainment that will enthuse NFT fans around the world.
If you want to know more about Burnin’, please read below.
