9th ORC Buyback & Burn Completed!
We’ve just completed our 9th ORC Buyback & Burn!

OrbitChain
Orbit Chain
Published in
2 min readOct 20, 2023

The Buyback & Burn program began on October 16th, 2023 and ended on October 20th, 2023. In this round, the total number of ORC bought back and burned is 1,615,405.46805945 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/0x110e96c83d09a5765d3a9658a4e8b72ddbf9e0a300cfb8ed5c25cdb851cb6ba3#eventlog

ORC Buyback Transaction on Klaytn Network(October 16th — October 20th, 2023):
https://scope.klaytn.com/account/0xdca348df7dce32ae02c0f1c252ae8b75d6928180?tabId=tokenTransfer

By buying back and burning ORC tokens with resources secured on Orbit Bridge, the ORC Buyback & Burn Program can control inflation and regulate circulation on the Orbit Chain network.

This 9th buyback & burn program utilizes 100% of the layer fees received from the Orbit Bridge as a source of the buyback & burn.

We will not only increase the scarcity of ORC tokens, but also strive to build a sustainable Orbit Chain ecosystem.

Thank you.

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