# BLOC | BlockCentral Token A growing niche within crypto and DeFi is the concept of deflationary tokens. Projects as large as Ethereum, Binance, and Polygon all promote and covet their transition to being deflationary. BlockCentral Token (BLOC) is a deflationary utility token on the Polygon network. Utilizing our methodology built around Principal Resonance, BlockCentral will grow the value of the protocol’s Treasury and token price over time. During its life cycle, the BLOC supply of tokens will continually decrease and become more scarce. BLOC has a starting supply of 75 million tokens. No new tokens can be minted. From day one, the supply of BLOC will begin to decrease. For clarity, there is no 'burn wallet' at risk of being accessed or otherwise scrutinized. When tokens are burned, they are destroyed permanently. Pairing this decreasing supply with a growing Treasury and network revenue, BlockCentral’s ultimate goal is to increase the value of assets backing each token while reducing the number of tokens in circulation. This will have an exponential, compounding effect on the long-term token price. To help achieve this deflationary strategy, BLOC will have reasonable taxes on buy and sell events. There is no transfer tax. However, the team can implement this temporarily if an upcoming promotion/feature dictates it. This would be communicated before any changes were made, and standard network operations would not see a transfer tax in place. *Note: some projects use the term 'deflationary' incorrectly. Deflationary does not simply mean the supply is decreasing. A key metric for an asset/currency to be considered deflationary is its purchasing power increases over time. Remember, decreasing supply does not cause the value to increase. However, less token supply in circulation can increase the impact new demand has on the value of a token, causing it to increase over time.* --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.blockcentral.io/blockcentral/blockcentral-tokens/bloc-or-blockcentral-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.