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Buy back and Burning
What Is Cryptocurrency Burning? Cryptocurrency burning is the process in which users can remove tokens from circulation, which reduces the number of coins in use.
"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.
2.) Burn 10,000 Fcc with renounce ownership tru pinklock.
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
Unused supply: 6,000,000 https://polygonscan.com/tx/0xd5d268980ca2de8503588ccbc7cbcce12701aac6b1f684daf36ed755ab829b43
6.) March 23, 2023
Unused supply and buy back : 6,500,000 https://polygonscan.com/tx/0x5b0399fad930fac9537b2ff068bc336485cc748d04b357326fa87535a00a16c3
7.) April 17, 2023
burn 6,000,000 fcc coins https://polygonscan.com/tx/0xf20b7a4a1c0b08b5cc89583677e0a1514f7ef885dc0b0df916c64099aae8744a
Last modified 7mo ago