# Token burning

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**The Oxen Network has transitioned to the Session Network. More information** [**here**](https://oxen.io/blog/development-is-transitioning-to-session-token)**.** 
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A crucial consideration for any [tokenomics system](https://docs.oxen.io/oxen-docs/about-the-oxen-blockchain/oxen-token-economics) with an indefinite emissions tail is how to keep inflation under control. In short: How can we keep rewarding [service nodes ](https://docs.oxen.io/oxen-docs/about-the-oxen-blockchain/oxen-service-nodes)indefinitely without also ending up with so much $OXEN floating around that the token becomes worthless?

$OXEN solves the inflation problem through a robust **token burning scheme**. This means that the effective net emissions are lower than they may seem, because most routine interactions with the Oxen network, including [Blink transactions](https://docs.oxen.io/oxen-docs/about-the-oxen-blockchain/blink-instant-transactions) and [ONS name purchases](https://docs.oxen.io/oxen-docs/using-the-oxen-blockchain/using-oxen-name-system), provably burn a certain amount of $OXEN.

* Blink fees are 0.05 $OXEN per transaction output, plus a very small per-byte amount of $OXEN; all transactions have at least 2 outputs (recipient(s) and change), so the effective fee is around 0.101 $OXEN for a typical simple transaction
* Of that fee, 40% goes to the service node that constructs the block validating the transaction (forming part of that service node’s reward), and the remaining 60% (i.e. around 0.06 $OXEN for a typical transaction) is burned
* Basic ONS registrations burn 7 $OXEN (for Session/Wallet namespace registrations, a registration lasts forever; for Lokinet, a basic registration lasts for 1 year)
* You can also buy 2, 5, and 10-year Lokinet registrations for 2x, 4x, or 6x the basic fee, respectively

We periodically reevaluate and adjust fees and burn amounts to maintain reasonable levels relative to the price of $OXEN. For example, in the Valiant Vidar hardfork, the Blink fees and burn ratios were adjusted from approx. 0.2 $OXEN fee with 80% burned in a typical transaction to approx. 0.1 $OXEN fee with 60% burned.

You can view the total burned $OXEN in the [block explorer](http://oxen.observer/).


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