Major Announcement: Revolutionary Steps for the Coin Ecosystem

On December 27, a groundbreaking update to the coin’s white paper was released, detailing a series of transformative changes to its ecosystem. The team has introduced a robust buyback and burn mechanism that is set to redefine the coin’s tokenomics and long-term value proposition.

As part of this initiative, the team will perform an initial, one-time burn of 850 million coins, representing 42.5% of the total supply. These coins, held by the core team, will be permanently destroyed, drastically reducing the circulating supply. At current market value, this burn is estimated to exceed $5.2 billion, marking a bold step to enhance scarcity and value. Following the burn, the total coin supply will decrease to 1.15 billion, all of which will be fully in circulation.

Quarterly Buybacks Starting in 2025

Starting in 2025, the team will introduce a quarterly buyback and burn program, dedicating 20% of the business's quarterly profits to repurchasing and destroying coins. This profit will come from key revenue streams, including fees generated from spot trading, contracts, leveraged trading, and decentralized Swap transactions. Additionally, profits from NFT trading and transactions on the Wallet platform will contribute to the buyback pool.

Future Development and Equity Focus

The updated white paper also outlines an exciting equity roadmap. The plan emphasizes expanding on-chain use cases, integrating with payment solutions under the PayFi ecosystem, and enhancing equity scenarios for real-world applications. The goal is to position the coin as a mainstream digital asset, seamlessly connected to leading public chains and integrated into top-tier DeFi ecosystems.

This strategic shift not only strengthens the coin's economic model but also reinforces its long-term growth potential. These measures reflect a commitment to delivering value to the community, establishing the coin as a cornerstone in the rapidly evolving crypto landscape.