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 October 2021, ONUS used 20% of the revenue in September to buy back and burn ONUS tokens. Specifically, 275,500 ONUS (on the Ethereum network) have been burnt, equivalent to $184,585 – 4.3 billion VND.
October 2021 ONUS burn transaction details: https://etherscan.io/tx/0x9cf913484087930917bb96f301c6676f929f9a23e7aa95f236a30d4b5bb50215
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.
