DENA Buyback & Burn up to 50% of Total Supply

To support the value of DENA, the key token of DeNations, we are updating the DENA buyback & burn policy inspired by the case of the BNB token. We want to initiate the positive feedback of the DENA token value with the buyback & burn policy, just as Binance did to BNB token as below.

Price Effect of Buy Back and Burn Policy of BNB token

Every quarter, we will BURN DENA until we BURN 0.5 million DENA (50% of the initial total supply). All burn transactions will be announced on the blockchain.

We will use 1) 100% of the NFT registration fee, 2) 100% of the NFT upgrade fee, 3) portion of the DENA bought back, and 4) portion of NFT sales by DENA as a source of DENA to be burned.

Key Updates

• Burn Budget
  Original: 1) 100% of the NFT registration fee, 2) 100% of the NFT upgrade fee
  New: 1) 100% of the NFT registration fee, 2) 100% of the NFT upgrade fee, 3) portion of the DENA bought back, and 4) portion of NFT sales by DENA
• Burn Target
  Until burned total amount reaches 0.5 million DENA (50% of the total initial supply)
• Buyback #3 Executed
• Burn #3 Executed