We have witnessed the winds of change impact the cryptocurreny industry. Despite the market conditions and sentiment, Paribus will not allow the storms to blow out our fire. This is why we are igniting our biggest burn of PBX to date!
Our algorithm takes into account the trading volume for PBX across all markets and other factors to calculate the total deflationary amount. PBX tokens are then moved from our ecosystem to an inaccessible wallet that ensures the tokens are permanently removed from supply.
By committing to a deflationary monetary policy we aim to ensure that PBX continues to grow its intrinsic value over time. Once we launch the Paribus MVP on the mainnet the tokens to be burnt will be generated from transaction fees, gradually reducing the circulating supply over time. This quantity of PBX to be removed from circultion fluctuates each month as trading volumes vary.
The amount that has been calculated for this cycle is 70,143,456.83 PBX! This amount at current prices equates to $40,599.03.
The link below reflects the transaction:
https://etherscan.io/tx/0xf2826cd709ada55bcb3809bf6de0c67119da72317e6fa5f6cd0347d17749619c
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- Source: Plato Data Intelligence: Platodata.ai