A5T April Burn Completed
According to the A5T supply commitment mentioned in the Alpha5 official whitepaper, Alpha5 uses 20% of its monthly fee revenue at the end of each month to buy and burn A5T.
The total quantity of burned assets in April is 129,488 A5T. All of them were bought on the open market at an average rate of 0.4847 USDT. All 129,488 A5T purchased have been burned. So, currently, the current cumulative quantity of burned assets is 727,254 A5T. This amount was cumulatively burned during the last 6 burn periods starting from November, 2020. In terms of the TetherUS amount credited into the Insurance Fund during this period of time, a total of 171,792.52 USDT was accordingly placed into the insurance Fund.