Even though EGSwap has been Live for a short amount of time, we are excited to announce a 2 BNB Buyback of the EG Token. EG SmartRouter trading also resulted in a 39,134 EG Token burn.
It’s great to see our concepts become reality. We are excited to see what these numbers will look like when we have 10/50/100 projects trading via EGSwap.
Let’s look into these Buybacks and Burn in more detail.
The Buyback took place on 30th December.
We did a community poll to decide what to do with the tokens. The community decided to split these tokens 50/50 between EG and Gator Gang Stakers.
As a result, the tokens were distributed to EG Staking Vault and Gator Gang Staking.
The Gator Gang distribution meant that at current prices, each Legendary received $8, each All-squad holder received $2.50 and each Common holder received 7 cents.
EG Staking rewards distribution meant that the APR jumped above 5%
EG SmartRouter trading also resulted in the accumulation of 39,134 EG Tokens.
We set up a token burn on Burn.Party to burn these tokens.
See the full details at -> https://burn.party/party/146
It’s great to see the whole ecosystem working together.
- EGSwap and all of its products see adoption to generate revenue to enable Buybacks & Burns for EG Token.
- EG volume and buybacks mean tokens are added to the Marketing, Liquidity, Tech and Social Impact wallets to be used at a convenient stage later.
- Buyback tokens were distributed to EG and GG Stakers to increase APR and reward holders.
- EG SmartRouter trading accumulated nearly 40K tokens which were burnt transparently using our Burn.Party platform.
Thank you for being part of this amazing year! A solid foundation has been set to build upon in 2024!
admin
