Buyback and Burn
Last updated
Last updated
Weekly Buyback Process:
BC.Game allocates a predetermined amount of funds from its revenue or reserves each week to buy BC tokens from exchanges or liquidity pools.
The buyback amount can be based on predefined criteria such as market conditions, token performance metrics, or strategic goals.
Execution:
BC.Game executes the buyback process manually or through an automated system that purchases BC tokens from available market liquidity.
Tokens acquired through the buyback are then earmarked for burning to permanently remove them from circulation.
Burn Mechanism:
Tokens bought back are burned immediately or periodically using a smart contract mechanism.
Burning ensures that the tokens are permanently removed from supply, potentially increasing scarcity and token value over time.
Impact:
Supply Reduction: Regular buybacks and burns decrease the total supply of BC tokens in circulation, which can create scarcity and support token value.
Market Dynamics: By reducing circulating supply, buybacks can stabilise or increase token prices, particularly during periods of market volatility.
Investor Sentiment: Demonstrating a commitment to token value through consistent buybacks can enhance investor confidence and attract long-term holders.
