# Buy back and Burning

"Buying back and burning tokens helps keep the supply low and the price to go up, as the FCC token supply decreases and demand increases."

KEY TAKEAWAYS

* "Burning" a cryptocurrency refers to the act of sending a token to an account that can only receive them.
* Wallet addresses used for burning cryptocurrency are called "burner" or "eater" addresses.
* The act of burning effectively removes tokens from the available supply, which decreases the number in circulation.

Fcc Burning Refers to monthly Buy back and burn that fcc team will be conducting in a monthly basis.

* 70% of earning from yield farming and validatorsnode/staking will be use to buy back and burn fcc from the market.
* Supply that is not use will be burn also.

1.) Burn 197,790,00 Fcc with renounce ownership tru pinklock. 

Link: <https://www.pinksale.finance/pinklock/record/1000150?chain=Matic>

2.) Burn 10,000 Fcc with renounce ownership tru pinklock.

<https://www.pinksale.finance/pinklock/record/1000113?chain=Matic>

<figure><img src="https://1185059482-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrzsHcJCmguin2G2DfWPx%2Fuploads%2FC3aYQz9v0aT1Z55sP8LF%2Fimage.png?alt=media&#x26;token=762c7433-d08c-4c57-b5bd-77c283b7251a" alt=""><figcaption></figcaption></figure>

<figure><img src="https://1185059482-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrzsHcJCmguin2G2DfWPx%2Fuploads%2FdLdCRkAGwJux83rNnefB%2Fimage.png?alt=media&#x26;token=348ca2fa-dd96-4f76-916c-393c8af5ff83" alt=""><figcaption></figcaption></figure>

3.) December 26,2022:

Unused supply: 9,500,000 fcc <https://polygonscan.com/tx/0x0ee7d95374eba5dace8b070728413bebb82641ea7e57a1bdfbe15ac166ae41e0>

Buy back: 4,932.69 fcc <https://polygonscan.com/tx/0x950e41b9a1ad7538a96b2be42084abbfff5e8300553cca35e68cf66479e7aed9>

4.) January 19, 2023

Unused supply: 3,200,000 <https://polygonscan.com/tx/0x658ed9374edf5e3c24696d1c24bff11a8c1ee27a27b9f7c67d19ed2600e7b4d5>

Unused supply: 12,300,000 <https://polygonscan.com/tx/0x586f50a49a0e57c70305f4db7007c6aea1dbead5c673134b55c530924b27326b>

5.)  February 15, 2023&#x20;

Unused supply: 6,000,000 <https://polygonscan.com/tx/0xd5d268980ca2de8503588ccbc7cbcce12701aac6b1f684daf36ed755ab829b43>

Buy back : 55,945.993 <https://polygonscan.com/tx/0x3409cd98fba31d4cf10171453f6e39febe34a490bfc7e5ad33526d55e98e0630>

6.) March 23, 2023

Unused supply and buy back : 6,500,000 <https://polygonscan.com/tx/0x5b0399fad930fac9537b2ff068bc336485cc748d04b357326fa87535a00a16c3>

7.) April 17, 2023&#x20;

burn 6,000,000 fcc coins <https://polygonscan.com/tx/0xf20b7a4a1c0b08b5cc89583677e0a1514f7ef885dc0b0df916c64099aae8744a>

8.) Dec. 22, 2024&#x20;

burn 1,688,585 fcc coins

<https://polygonscan.com/tx/0x28ef81da2314d1730278fa838105138a5771618c0198e9cd7a2d99d97899f105>

## **Total Burn:** 245,249,463.683 **Fcc**