ExCraft Token Burn Recap (September 17th — 23rd)
As we change our cadence on Medium to reduce the number of repetitious posts, ExCraft will be highlighting our previous week’s token burn activity at the beginning of each week. Hopefully, for our users, this will condense all of the fee percentages and token buy-back amounts into a neat orderly article.
Overview
Last week was a very exciting week, as ExCraft’s exchange volume remained high enough to keep the daily average EXT burn rate over 1 million! Over the last seven days, a total of 7,152,021 EXT had been sent to the Destroyed Smart Contract address 0x19c630bb6d3e7c2cfe77e2a73627c9bee2db8ac5.
Transaction Fees
Per our whitepaper, 80% of the transaction fees from trade activity (buying and selling) will be used to repurchase EXT, the ExCraft native exchange token, at current market value.
Top Pool Spotlight
Rewards are distributed to Pool members based on their transaction activity measured in Proof of Existence (PoE) and that Pool’s distribution ratio, which is decided by the Pool Master.
This Pool, whose reward dispersal percentage is set to 100%, through the week of September 17th to the 23rd shared over 220,000 in EXT rewards with their Pool members. Remember, users only need to stake 30,000 EXT to create their own Pool. Rewards divvied up by the Pool Master daily are allows for almost 7 new Pools to be created per day!
Please stay tuned for more articles and information about ExCraft. Do not forget to join our social media channels to remain up-to-date with all things ExCraft as we are expecting the rollout of our DAO voting system and news about the implementation of exciting features mentioned on our roadmap.
ExCraft Exchange (Website)：https://www.excraft.com
ExCraft Telegram (English)：https://t.me/ExCraftExchangeENG
ExCraft Telegram (Chinese)：https://t.me/ExCraftExchangeCN
ExCraft Telegram (Korean)：https://t.me/ExCraftExchangeKR
