As stated in the Whitepaper, to help increase the value of ONUS tokens and share revenue with investors, ONUS team commits to spending 20% of profit every month to buy back ONUS from the market and burn them until only 50% of the circulating supply remains.
According to this policy, in March 2022, ONUS used 20% of the revenue in February to buy back and burn ONUS tokens. Specifically, 225,500 ONUS (on the KardiaChain network) have been burnt, equivalent to $163,171.8.
March, 2022 ONUS burn transaction details: https://explorer.kardiachain.io/tx/0x9f2bc3e8b77b146c9c6185bf7826d95e5fffbc9e9622c60156909f91bae9dbfc/token-transfers
To maintain transparency, all ONUS token burn transactions will be publicly updated at: https://goonus.io/en/ONUS.
About ONUS token
ONUS Token is a utility token used in the entire ONUS ecosystem, including paying/reducing transaction fees, mortgage and repaying loans, participating in Staking/Farming, becoming a VIP user/business partner, participating in the program’s Launchpad, and voting on ONUS decisions.
ONUS’s smart contract has been thoroughly audited by Certik before officially deploying on blockchain networks: Ethereum, Binance Smart Chain, and KardiaChain.
