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 7,911,457 tokens, which is a result of a the turnover we had this quarter. The tokens were repurchased on various exchanges. The period of conducting the transactions was October 1 to 31, 2021. Tokens were burned on October 30, 2021.
The link to the burning address is the following:
https://etherscan.io/tx/0x20c1721fbd5e54954ee5c25a442a6fc2e821b7bb1f3e97429faee5065e041611
The next buyback of UBEX Tokens is planned for January of 2022. More details will be announced in the near future. Stay tuned for more news and updates from Ubex.