Buyback & Burn Program October 2019

WavesGo
WavesGo
Nov 1 · 2 min read
*burn*

Dear WavesGo community,

Roughly three weeks ago, WEP 14 got activated and the community is now able to define the issuance schedule of the Waves Blockchain. Currently the reward is 6 Waves per block, which increased staking rewards immensely, in the case of WavesGo between 6–8 times. While a profitability increase was definitely needed, we have to see how this will influence the Waves price in the future.

Now to our buyback:

TL,DR:
Starting from October 2017, 50% of all net profits generated by WavesGo are being used to buy back & burn WGO tokens. This means that literally 50 cent of every single dollar of profit earned by all our current and future revenue streams flows back into the WGO market. Moreover, we are going to use the 50% retained MRT from mining operations for the buy back program too.”

Numbers & Figures Buyback & Burn October 2019

Size of Buyback: 1852.5 WAVES

WGO purchased & burned: 51'759 WGO

Average price: 0.0358 WAVES

Burn TX: https://wavesexplorer.com/tx/Aeg9fARuZnpc5CFXZTL8cC4ZsRDh6Sek7V9p67DusA6U

You can find the total supply here:
http://dev.pywaves.org/assets/wgo

The next Buyback & Burn is going to take place in the beginning of December 2019

Find us online

Connect with us on social media to stay up to date:

Discord: https://discord.gg/cnFmDyA

Twitter: https://twitter.com/GoWavesgo

Facebook: https://www.facebook.com/WavesGo/

Email: go@wavesgo.com

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