Conclusion of $GEM Buyback and burn
G’day, Clammies! We’ll keep this one short and sweet.
’Tis the day to conclude and provide details on our $GEM buyback and burn campaign. Some of you have already been suspecting the wallet — we can confirm that this is it:
https://bscscan.com/address/0x30009aff979658de9edaff3812df127bec45af7c
The important transactions are:
Initial funding of 25 BNB:
https://bscscan.com/tx/0x7e0fbc6fc33cff408639dd0e608f99ea7c7b3c2b8dafdc99a01599e177e1b481
Additional 8 BNB from treasury:
https://bscscan.com/tx/0x75a86de904f3e111b0d80f43d26d6a3757680c2b41795e11c828f5b319eb2586
Burn of purchased GEM:
https://bscscan.com/tx/0x4f041daa90d24e65f86f84b459dfc1262b48278ad807165300901ad104a3644f
You will see a lot of transactions in between. This is for a number of reasons:
- We bought in smaller increments over a longer period of time;
- We sometimes sold and rebought $GEM to help bring up volume;
- We duelled with the frontrunning bot a few times, which sometimes involved us selling and rebuying $GEM.
You are welcome to review all of the transactions of course, but what matters is that all of the BNB that went into the account has been spent on buying $GEM, and the final total of ~2.7m $GEM, or about 4.5% of the current total supply, has been burned🔥🔥🔥
We have lots more exciting things currently in development, including the new yield farming model we wrote about in our previous article, new partnerships, and new potential commercial deals. We’ll be publishing more articles on these things over the coming weeks — stay tuned!
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