The Ubex project has conducted third 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 7,485,316 tokens. The tokens were repurchased on various exchanges. The period of conducting the transactions was July 1 to 30, 2020. Tokens were burned on July 31, 2020.

After the buyback, the total supply of UBEX Tokens is 3 983 601 665 tokens.

The link to the burning address is the following:

https://etherscan.io/tx/0x133f437b1a708b4f42d54695d7756e2a3f0d0336c0d2e08f04bfea301b7cf8d7

The next buyback of UBEX Tokens is planned for October of 2020. More details will be announced in the near future. Stay tuned for more news and updates from Ubex.


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