5th ORC Buyback & Burn Completed!
We’ve just completed our 5th ORC Buyback & Burn!
The Buyback & Burn program began on Oct 17, 2022 and ended on Oct 28, 2022. In this round, the total number of ORC bought back and burned is 4,924,357.123078512 ORC, which has been transferred to the burning address.
You can check ORC token buybacks by date and burn transaction records through the links below:
ORC Burn Transaction on Ethereum Network:
https://etherscan.io/tx/0x3007df8da6a4811ca8577b1b9d642a64699e4c5156af569c4a88b83a0645df38#eventlog
ORC Buyback Transaction on Klaytn Network(Oct 17-Oct 28, 2022):
https://scope.klaytn.com/account/0xDCa348Df7DCE32Ae02C0F1C252ae8b75d6928180?tabId=tokenBalance
The ORC Buyback & Burn Program can lid on inflation and regulates circulation on the Orbit Chain network by buying back and burning ORC tokens with resources secured on Orbit Bridge and Orbit Farm.
This 5th buyback & burn program utilizes 100% of the layer fee received from the Orbit Bridge and all the profits of the Orbit Farm operating on the Ethereum and BNB networks as the source of the buyback & burn.
The 6th buyback & burn program aims to increase the scarcity of ORC tokens by expanding the multi-farm operating range, which is an extended version of Orbit Farm, a deflation mechanism, and securing a stable utilization rate. Along with the increase in the value of ORC, we will work harder to build a sustainable Orbit Chain ecosystem.
we will not only increase the scarcity of ORC tokens, but also strive to build a sustainable Orbit Chain ecosystem environment.
Thank you.
[Official Websites & communities]
- Orbit Chain: https://orbitchain.io
- Orbit Bridge: https://bridge.orbitchain.io
- NFT Bridge: https://bridge.orbitchain.io/nft
- XRP Bridge: https://xrpbridge.app
- Orbit Chain Explorer: https://explorer.orbitchain.io
- Orbit Chain Global Telegram: https://t.me/OrbitChainGlobal
- Orbit Chain Twitter: https://twitter.com/Orbit_Chain
- Orbit Chain Discord: https://discord.gg/orbit-chain
- KLAYstation: https://klaystation.io
- KLAYswap: https://klayswap.com
- Meshswap: https://meshswap.fi
