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Burn NACKL for eccUSDC

Burn NACKL is a mechanism that lets you burn (permanently destroy) your NACKL tokens and receive a share of the free eccUSDC reserve in return. This is a separate process, unrelated to buying or selling SHELL.

Irreversible operation: burned NACKL cannot be recovered. Make sure you want to burn the specified amount.

How It Works

When burning NACKL, you receive a portion of the free eccUSDC reserve proportional to your share of the total NACKL in circulation.

Formula:

Payout = USDC reserve × (Your NACKL / NACKL total supply)

There is no fixed price for NACKL. The value of one NACKL is floating and depends on the size of the reserve and the total supply. The more NACKL you hold relative to the total supply, the larger your share of the reserve.

Prerequisites

Step-by-Step Guide

1

Open the NACKL Details Screen

On the wallet's main screen, tap the NACKL row in the token list.

2

Tap Burn

The NACKL token screen shows your balance, address, and transaction history. Tap the Burn button.

3

Tap Burn my NACKL

The Burn NACKL to eccUSDC screen opens tap the Burn my NACKL button to proceed to the amount entry screen

You can tap How it works? to see an explanation of the mechanism.

4

Enter the NACKL Amount

The amount entry screen displays:

  • Select amount — field to enter the NACKL amount

  • You will receive — estimated eccUSDC payout, updates in real time (e.g., ≈ 0.000390 USDC)

  • Approximate rate — current rate (e.g., 1 NACKL ≈ 0.0001300 eccUSDC)

  • How it counts? — button with calculation details

  • NACKL total supply — total NACKL in circulation (e.g., 85,546,454)

  • eccUSDC reserve — size of the free eccUSDC reserve (e.g., 11,122)

  • Your unlocked NACKL — your available balance with a Max button

Enter the amount of NACKL to burn. Tap Max to select your entire available balance.

In this example: entering 3 NACKL yields ≈ 0.000390 eccUSDC.

Tap Burn & Redeem:

5

Confirm the Burn

A confirmation screen appears:

Tap Confirm burn to proceed or Cancel to go back.

6

Operation Complete

On success, you'll see the NACKL redeemed screen.

Tap Close to return.

7

Check the Result

After burning:

  • Your NACKL balance decreased (was 10, now 7)

  • The NACKL transaction history shows a Sent to Accumulator entry with amount -3

Your NACKL balance on the main wallet screen updates automatically.

The received eccUSDC can be seen on the eccUSDC token screen in the Transaction history section — a Received from Accumulator entry with amount +0.00039.

What Is the Free Reserve?

The free reserve is the eccUSDC held in the contract that is not reserved for SHELL sellers. It is formed as follows: when a buyer purchases SHELL but there aren't enough sellers in the queues, the system creates (mints) new SHELL. The eccUSDC paid for minted SHELL forms the free reserve. Seller funds are never touched.

When Is Redeem Unavailable?

Redeem is not possible when the free reserve is zero. This means all eccUSDC in the contract is reserved for SHELL sellers. The reserve grows as SHELL is purchased and there aren't enough sellers in the queues.

Possible Errors

Message
Cause
Solution

Burn & Redeem button inactive

Field is empty or zero

Enter the NACKL amount

Insufficient NACKL balance

Not enough NACKL

Reduce the amount

No eccUSDC available for redemption

Free reserve is 0

Wait for the reserve to grow

Transaction failed

Transaction error

Try again

PreviousReceiving eccUSDC (Claim)

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