SW DAO Announces Fourth Token Buy & Burn
2,945 tokens burned with 988,096 to go 🔥
“There is no better investment we could make than to buy and burn our own tokens under a 5 Million dollar market cap.”
At the end of every month, SW DAO aggregates all revenue generated from StackedInvest subscription fees. These aggregated fees are then used for a token buy and burn event on the first of the following month. SWD tokens are burned on the Ethereum blockchain and are always publicly verifiable.
November Buy & Burn by the Numbers
- 2945 SWD tokens burned out of a maximum circulating supply of 991,041 for the month of November.
- 2945 tokens burned represents 0.295% of the maximum supply over the past month and 1.2% since the program’s initiation.
- This program has reduced the maximum supply from 1,000,000 tokens to 988,096 since inception.
Buy Transaction: https://etherscan.io/tx/0x917551a7c4d05d2c710e55f99d208eff6263897ce2d1dd913c918dc547a05aab
Burn Transaction: https://etherscan.io/tx/0x6bb7b27bb5b12717c97e9fd3973814c3e36bda688f0813cea9c86e01531530bd
What is a Token Buy & Burn?
A buy and burn event occurs when a project buys its own native token off the public market. The tokens they purchase are then “burned” meaning they are sent to Ethereum’s “Black Hole” address of 0x0000 where they are rendered permanently unusable. This event reduces the maximum number of tokens in circulation — creating regular positive price pressure and increasing its scarcity.
You can verify all four buy and burn events here:
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