3rd ORC Buyback & Burn Completed!

OrbitChain
Orbit Chain
Published in
1 min readApr 22, 2022

We’ve just completed our 3rd ORC Buyback & Burn!

The Buyback & Burn program began on April 11, 2022 and ended on April 22, 2022. A total of 7,086,826 ORC tokens were purchased and the corresponding amount of tokens were transferred to an obsolete wallet address (burned).

ORC token buybacks by date and burn transaction records can be checked through the links below:

ORC Burn Transaction on Ethereum Network

https://etherscan.io/tx/0xd53270ea02dfdda06d5812ae4307936c7082459f724fbcb253bb2761f9de8417

ORC Buyback Transaction History on Klaytn Network

https://scope.klaytn.com/account/0xDCa348Df7DCE32Ae02C0F1C252ae8b75d6928180?tabId=tokenTransfer

Equivalent to 100% of the Bridge Tax collected by Orbit Bridge and profits from Orbit Farm BNB were burned in the third Buyback & Burn. Additionally, recently launched Orbit Farm ETH will contribute to boost Buyback & Burn program.

Consequently, the Buyback & Burn program will continue to increase the scarcity of ORC tokens to further strengthen the positive flow of our token economy along with the value added by Orbit Farm.

Thank you

[Official sites & communities]

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