Unido are thrilled to Introduce a New Token Burn Program

  • At the outset, 60% of the consumption fees are burnt, 20% is allocated to reserve and 20% is allocated to the ecosystem development fund (EDF)
  • This continues until the supply of UDO is reduced from 115m to 92m tokens overall ie. this rule applies until 23m UDO tokens have been burnt.
  • Thereafter, tokens are not burnt but recycled, re-injecting liquidity back in the Unido ecosystem in a perpetual cycle.

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  1. Unido accumulates BTC, ETH and USDC from a portion of transaction fees from every client exchange in their outbound currency.
  2. Unido uses these funds on DEX/CEX to purchase UDO token
  3. Of the purchased UDO, 60% is sent to CFBF wallet and burnt; 20% sent to Ecosystem Fund, 20% used to fund ongoing development.

📰 INFO

https://unidocore.medium.com/introducing-unidos-new-token-burn-program-969073a5833e

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