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.
- 14% of the ONUS quantity after BuyBack will be burned at the end of the cycle.
- 1% of the ONUS quantity after BuyBack will be transferred to Crypo For Life fund.
With the total amount of 103,974.42 ONUS bought back in the 56th governance cycle, ONUS has completed burning 14%, equivalent to 14,556.42 ONUS ($8,608.67).
56th governance cycle burn transaction details:
https://explorer.onuschain.io/tx/0xae08da960cd984ab77c545554d82747a0e48dc86e2f4096c0acf83932da3bef6/internal-transactions
To ensure transparency, all ONUS coin burning transactions will be publicly updated at: https://goonus.io/en/ONUS/
