BlockWallet Token Buyback
For Q2 this year, we performed a token buyback using the accumulated revenue from our Privacy Pool fees.
With the purchased tokens, half of them were burned (decreasing the circulating supply), and the other half will be used to provide liquidity in an effort to stabilize the token price for all holders.
For complete transparency, the relayer contracts for our Privacy Pools can be found on Etherscan, Bscscan, and Polygonscan. You can find the following links to each of these addresses below:
Here are some key details regarding the token buyback:
Using the accumulated revenue from our Privacy Pools, a total of 81,252 tokens were bought.
And as additional incentive for Q2, we decided to burn an extra 250k tokens.
What an exciting end to the month of June!
If you have any questions about this token buyback event or anything at all, feel free to reach out on any of our social channels or community chats.
BlockWallet is a privacy-first self-custodial browser extension wallet where you can store, send or receive crypto and interact with your favorite blockchain apps privately.
As crypto sees mainstream adoption, blockchain’s lack of privacy often translates to security risks. BlockWallet is here to ensure that on-chain privacy does not lag behind. The wallet provides a set of advanced privacy tools wrapped in a familiar and user-friendly wallet experience, eliminating friction and making privacy accessible for everyone.
BlockWallet protects you and ensures privacy by default. When you make transactions or interact with blockchain apps, BlockWallet routes all node requests through Privacy Proxies, which mask the IP address and other metadata, that can be used to identify and track you on a blockchain. You can also use the Privacy Pools feature, powered by zk-SNARKs technology, to deposit and mix funds in a smart contract. This allows transferring funds without links to your main wallet. BlockWallet offers integrated Flash-Bot Protection, shielding you from sandwich attacks when you trade on DEXes. Meanwhile, the Phishing Protection feature helps you combat phishing scams by generating unique artwork on all sensitive pages.
BlockWallet is not a compromise. It’s privacy-first, but it still packs all features you would expect from a wallet. With full Web 3.0 support, the wallet allows you to connect to any DApp.