We’re Burning 2 Million AXPR
Today at 8 PM CET, we’re burning 2 million AXPR tokens to catch us up on all pending burns to date. This consists of 240,000 AXPR tokens burned per month for all missed months to date, rounded up to 2 million. The tokens being burned are worth over $85,000 USD at the time of writing this article.
These tokens have been purchased from the open market through KuCoin over the last couple of months. For future burns each month moving forward, we will provide information about the average price per token purchased back from the market, and the time horizon of each buyback will be much shorter than for this catchup burn. It’s likely that future burns will also take place through KuCoin, but may also happen through our new listing on Uniswap.