From the ONUS Shares v4.0 upgrade (applied from the 16th governance cycle), ONUS Shares has bought back and burned ONUS Coin as follows:
- Every day, the system will use 25% of profits for an automatic ONUS buyback.
- 20% of the ONUS quantity after BuyBack will be burned at the end of the cycle.
With the total amount of 234,035.05 ONUS bought back in the 16th governance cycle, ONUS has completed burning 20%, equivalent to 46,807.01 ONUS ($16,799.04).
16th governance cycle burn transaction details: https://explorer.onuschain.io/tx/0x21612981586159de7f87c3bb0d454201c916f153b961d1523703cfe9302c004d.
To ensure transparency, all ONUS coin burning transactions will be publicly updated at: https://goonus.io/ONUS.
