This article was first published on Ubex - Medium
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:
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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Ubex - Medium