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 June 2022, ONUS used 20% of the revenue in May to buy back and burn ONUS tokens. Specifically, 380,000 ONUS (on the BNB Smart Chain network) have been burnt, equivalent to $143,032.
June, 2022 ONUS burn transaction details: https://bscscan.com/tx/0x2bda3fc1f5750179a8d85090df4a167efa583090fd87826e8459c229b8ebfb4a
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.