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:
The important transactions are:
Initial funding of 25 BNB:
Additional 8 BNB from treasury:
Burn of purchased GEM:
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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