SW DAO Announces Preemptive Fifth Token Buy & Burn

2,738 tokens burned with 985,358 to go 🔥

December Preemptive Buy & Burn by the Numbers

  • 2738 SWD tokens burned out of a maximum circulating supply of 988,096 for the month of December.
  • 2738 tokens burned represents 0.277% of the maximum supply over the past month and 1.46% since the program’s initiation.
  • This program has reduced the maximum supply from 1,000,000 tokens to 985,358 since inception.

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 five buy and burn events here:

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