The healthy development of a token ecosystem often relies on the meticulous management by the foundation. Recently, some projects have demonstrated their long-term commitment to their ecosystem through a series of actions.
On January 6th of last year, a project foundation, after a collective vote, burned 48,053 tokens, worth approximately $57,663. This burn operation is significant within the overall ecosystem—out of a total issuance of 1 million tokens, over 520,000 have been burned to date, with less than 480,000 remaining in circulation. This means that more than half of the tokens have been burned, directly improving the scarcity expectations of the token.
More interestingly, the foundation did not stop at burning. A new series of buy-back actions are even more noteworthy. Each foundation member repurchased 500 tokens, which were directly transferred into the foundation’s wallet. Meanwhile, individual members’ soft lock-up plans have also been upgraded—the holdings in personal wallets increased from 1,000 to 1,500 tokens, with a soft lock-up applied.
From burning to buy-back, these actions reflect the foundation’s strong confidence in the ecosystem’s prospects. By reducing circulating supply through burning and strengthening the asset structure via buy-backs and lock-ups, this combination not only demonstrates confidence in the token’s value but also shows a commitment to long-term development. Such operations often serve as important references for market participants observing a project’s fundamentals in the crypto market.
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unrekt.eth
· 01-09 07:16
Burned over 500,000 tokens, and now building a position. This rhythm is quite interesting.
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NotGonnaMakeIt
· 01-07 20:11
Destroying 520,000 coins and still daring to increase holdings? Do you really think we're just newbies?
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DeepRabbitHole
· 01-07 13:17
Destroying half of the circulating supply, is the foundation still increasing its holdings? Is this a sign of genuine confidence or just a prelude to market manipulation?
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MevHunter
· 01-07 01:53
Burned 520,000 tokens? That number does look pretty harsh, almost half gone... But then increasing the holdings again by buying back, this move has a bit of a "I believe in myself" vibe. Not sure what the real motivation behind it is.
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DaoTherapy
· 01-07 01:53
Burning over 50% of the circulating supply—this move is indeed quite aggressive... But increasing holdings and locking in tokens, it still feels like just playing with numbers.
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ShitcoinConnoisseur
· 01-07 01:52
Burned over 500,000 coins? They must be really optimistic. Burning coins so aggressively... Wait, increasing holdings with soft locking, does the foundation really want to hold the line or are they trying to pump the price again?
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CommunityWorker
· 01-07 01:49
Destroying over 50% of the circulating supply? This move is really ruthless—pushing the price down while also spending your own money to increase your holdings. You must really believe in yourself to play like this.
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BTCWaveRider
· 01-07 01:27
Burning over 50% of the circulating supply? That's quite aggressive, but then they buy back the increase. Feels like they're just playing themselves.
The healthy development of a token ecosystem often relies on the meticulous management by the foundation. Recently, some projects have demonstrated their long-term commitment to their ecosystem through a series of actions.
On January 6th of last year, a project foundation, after a collective vote, burned 48,053 tokens, worth approximately $57,663. This burn operation is significant within the overall ecosystem—out of a total issuance of 1 million tokens, over 520,000 have been burned to date, with less than 480,000 remaining in circulation. This means that more than half of the tokens have been burned, directly improving the scarcity expectations of the token.
More interestingly, the foundation did not stop at burning. A new series of buy-back actions are even more noteworthy. Each foundation member repurchased 500 tokens, which were directly transferred into the foundation’s wallet. Meanwhile, individual members’ soft lock-up plans have also been upgraded—the holdings in personal wallets increased from 1,000 to 1,500 tokens, with a soft lock-up applied.
From burning to buy-back, these actions reflect the foundation’s strong confidence in the ecosystem’s prospects. By reducing circulating supply through burning and strengthening the asset structure via buy-backs and lock-ups, this combination not only demonstrates confidence in the token’s value but also shows a commitment to long-term development. Such operations often serve as important references for market participants observing a project’s fundamentals in the crypto market.