HBTC has conducted another round of HBC buyback-to-burn at the price of 5xPE early this week. A total of 165,270 HBC tokens have been repurchased from the secondary market HBTC.com.
As of December 24, 2020, 20% of the repurchased HBC at the price of 10xPE, a total of 291,330 HBC will be sent for destruction. The total number of HBC to be destroyed are 456,600.
The 456,600 HBC has been recorded in the buyback-to-burn data which will be destroyed after the launch of HBTC Mainnet. The total supply of HBC is 2,0543,400.
The price of repurchase mechanism has been adjusted as: HBC repurchase price=the total revenue of the latest 30 days*12/20543400 (total supply) *10(10PE)
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
December 24, 2020