DRD Monthly Token Burn

To DRK Community,

We would like to announce to the community the “DRD Monthly Token Burn” program, officially taking place from February, 2021.

The DRD Token is backed by Draken.exchange, our strategic DeFi product in the Draken’s Dapp Universe. Over the past time, the community has noticed the improved performance and consistent upgrades of Draken.exchange, accompanied by the strong growth of DRD Token in the past time. We can be certain and proud that, the perfected version of Draken.exchange and DRD Token have got their place in the industry. In order to maximize the benefits of the community and monitor the circulation of DRD Token, we have decided to conduct a monthly burning program with specific time to be announced before the event takes place each month.

The amount of burned DRD Token is aggregated from the following sources:

• 50% of profits generated from business activities of Draken.exchange are used to buy back that month’s burned DRD Token.
• Additional DRD Token will be sourced from the DRD foundation storage. The amount will be calculated accordingly to the market situation to come up with the reasonable amount.

The amount of burned DRD Token will permanently disappear, changing the total supply and circulation of DRD Token. Reports on burned DRD Token will be released to the community each month with proofs of transaction.

Thank you for your understanding and companion. Please always update on DRK’s news channels to not miss any upcoming exciting information.

Best regards,
Draken Team