The Ubex project has conducted fourth Buyback and Token Burn

This article was first published on Ubex - Medium
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The Buyback feature entails that every quarter, the project will use 20% of its profits from transaction commissions to buy back UBEX Tokens and destroy them, until 50% of all UBEX Tokens are repurchased.

The amount of UBEX Tokens repurchased was 10,047,811 tokens. The tokens were repurchased on various exchanges. The period of conducting the transactions was October 1 to 30, 2020. Tokens were burned on October 30, 2020.

After the buyback, the total supply of UBEX Tokens is 3 973 553 854 tokens.

The link to the burning address is the following:

https://etherscan.io/tx/0xafcd6f43ce1e3acadab0fdd3f6e89645d96e2188c9bfbe36462861bb86c9aca3

The next buyback of UBEX Tokens is planned for January of 2021. More details will be announced in the near future. Stay tuned for more news and updates from Ubex.


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