Hi Friends
From now on we will be making a weekly burn report every Thursday. This report unfortunately comes out a bit delayed due to not using the schedule post function properly so please excuse the small delay.
As you know our token has no inflation just deflation. This deflation comes from the burns we have on the binance chain. Every time someone buys or sells a small amount is burnt permanently.
This means that even on weeks that are bad price wise for GIFU our token gets scarcer.
Remember, we own a series of assets on hive and hive engine that we use to buy our token every week so in the long term a lower price isn't that bad as that means we can buy more GIFU. These market buys are used for marketing and operational costs.
Ok, time for the magic number. So, last week the number of GIFU burnt was
147.088
Not great, not terrible !
In total, 50,985,269 tokens have been permanently burnt. Almost 51 million! You can see all our burns live here
In other news, don't forget @gifufaithful our delegation/curation service. If you own 50k or more swap.gifu on hive engine (pool position included) you receive increasingly larger votes on your posts.
Furthermore, if you delegate hive to the account you will receive gifu on a daily basis for an approximate Apr of 10%.
Posted Using INLEO
What does GIFU stand for?
Gif You
!BBH
Gifu going to make me rich!