# VLX token supply correction

**URL:** <https://forum.klever.org/t/vlx-token-supply-correction/3147>\
**Category:** Support and Troubleshooting\
**Created:** [November 27, 2024, 10:27am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147 "2024-11-27T10:27:58Z")\
**Posts on this page:** 10\
**Page:** 1

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**Author:** ![Thomas\_Senekowitsch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/thomas_senekowitsch/32/3417_2.png) [@Thomas\_Senekowitsch](https://forum.klever.org/u/Thomas_Senekowitsch)\
**Post date:** [November 27, 2024, 10:27am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/1 "2024-11-27T10:27:58Z")

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Hello Duka and Friends,  
I have question.

VLX\_3LAS has a total supply of 10b  
Actual are 317m in circulation and we have staking apr with 20 percent until end of this year.  
How to proceed that velix cant be minted anymore but staking rewards should go on until end of live with 12 percent and decreasing each year with 1 to 2 percent?  
Do we need to make a mass mint and burn with total supply and hopefully staking rewards go on or do we need to have unminted tokens with approximately 50 to 100 million for further staking rewards?  
Thanks in advance  
Tom

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**Author:** ![Antony\_muinde](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/antony_muinde/32/2327_2.png) [@Antony\_muinde](https://forum.klever.org/u/Antony_muinde)\
**Post date:** [November 27, 2024, 4:40pm UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/2 "2024-11-27T16:40:56Z")

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@Thomas_Senekowitsch according to my own understanding , you mean that VLX is having a challenge on staking rewards.

What if you introduce a new token which users will be rewarded for staking VLX  
and the token can be converted to VLX .

Due to the high staking rewards you can have a ratio like 1: 100 ( 1vlx= 100x coins)  
Although it can solve the problem , the concept if accepted should be introduced carefully to the VLX community by explaining the challenges you are facing or introduce more rewards for those who stake vlx

@Duka whats your idea on this, it would be great to hear it

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**Author:** ![Duka](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/duka/32/415_2.png) [@Duka](https://forum.klever.org/u/Duka)\
**Post date:** [November 27, 2024, 6:19pm UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/3 "2024-11-27T18:19:42Z")

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Hi Tom!

Great question, and thanks for sharing the details. Let me clarify:

If the full 10 billion VLX\_3LAS supply has already been minted, the on-chain staking APR won’t work indefinitely unless tokens are burned to free up supply. This is because staking rewards rely on available tokens within the total supply cap.

However, if the 10 billion tokens haven’t been minted yet, staking rewards will continue as expected until the total supply is reached. Once it hits the cap, users will encounter errors when trying to claim rewards, unless additional tokens are burned to make room for further staking emissions.

So, the best approach depends on your current token supply status:

- If you’re already at 10 billion, burning tokens is essential to sustain staking.
- If you’re below 10 billion, staking can continue naturally until the cap is reached.

Let me know if you need help refining your strategy! 😊

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**Author:** ![KIRA\_Gem](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/kira_gem/32/2573_2.png) [@KIRA\_Gem](https://forum.klever.org/u/KIRA_Gem)\
**Post date:** [November 28, 2024, 10:21am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/4 "2024-11-28T10:21:08Z")

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Hi Duka! Hope you’re doing well. Could you consider adding the option to disable token minting in the future? In other words, to make token burning irreversible if it wasn’t initially specified during token creation?

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**Author:** ![Duka](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/duka/32/415_2.png) [@Duka](https://forum.klever.org/u/Duka)\
**Post date:** [November 28, 2024, 5:39pm UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/5 "2024-11-28T17:39:59Z")

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Perfect. Great suggestion. I will add it on the board to discuss with the team on the near future. 👊

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**Author:** ![Thomas\_Senekowitsch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/thomas_senekowitsch/32/3417_2.png) [@Thomas\_Senekowitsch](https://forum.klever.org/u/Thomas_Senekowitsch)\
**Post date:** [December 5, 2024, 6:03am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/6 "2024-12-05T06:03:01Z")

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Hi Duka…  
It is done  
9.400.000.000 VLX worth 2.3m USD burned forever 🔥🔥🔥  
Due 100 million already burned, max 500m will remain at all and further burns to be done.

> **[KleverChain](https://kleverscan.org/asset/VLX-3LAS)**
>
> KleverScan is a part of Klever Ecosystem, which allows you to explore, follow transactions, accounts, and block creations. This is the first step to achieve an ultimate Blockchain with Klever empowerment, to support the KLV community and all...

Thank you for support  
Tom

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**Author:** ![Bill\_Butcher](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/bill_butcher/32/225_2.png) [@Bill\_Butcher](https://forum.klever.org/u/Bill_Butcher)\
**Post date:** [December 12, 2024, 4:18pm UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/7 "2024-12-12T16:18:48Z")

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Nice. This would be a good addition. Once disabled, you cannot enable it back again 🔥🤝

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**Author:** ![Thomas\_Senekowitsch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/thomas_senekowitsch/32/3417_2.png) [@Thomas\_Senekowitsch](https://forum.klever.org/u/Thomas_Senekowitsch)\
**Post date:** [March 12, 2025, 6:10am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/8 "2025-03-12T06:10:16Z")

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Hi Duka…  
Just another question. When all are minted the apr wont work correct. I dont understand how the burns resolves that issue? Burns reducing circulation supply and mint isnt possible.  
You may clarify again.  
Thanks  
Tom

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**Author:** ![XPort\_App](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/xport_app/32/3245_2.png) [@XPort\_App](https://forum.klever.org/u/XPort_App)\
**Post date:** [March 12, 2025, 10:59am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/9 "2025-03-12T10:59:47Z")

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Hey! when the maximum supply is reached, APR stops without new tokens. Burns resolve this by reducing the total token count, enabling minting to resume within the limit and sustain APR payouts.

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**Author:** ![XPort\_App](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.klever.org/xport_app/32/3245_2.png) [@XPort\_App](https://forum.klever.org/u/XPort_App)\
**Post date:** [March 12, 2025, 11:06am UTC](https://forum.klever.org/t/vlx-token-supply-correction/3147/10 "2025-03-12T11:06:25Z")

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However, if you want to burn your tokens without the possibility of them being reminted, it makes sense to use a “black hole” burn address. In this case, by sending your tokens to the burn address, you permanently lose access to them and ensure they no longer participate in circulation
