In the last 2 months we’ve bought back 2.81% of $GP from @bonkfun revenue.
This week: 316.08 $SOL ready to DCA more.
At current FDV we expect to buy back ~26% of supply PA, and then a big burn will be processed for every 5% we buy.
Buy back wallet 👇
.@bonkfun has accumulated nearly 47,000 $SOL in revenue in just under 2 months.
7.6% of all revenue goes towards buying $GP which all gen1/2 stakers get given on a daily basis.
This is our 3rd breakout product, 1st being the Taiyo launchpad which had a large % of the whole nft new mint game, the 2nd being @LiveBonk which handled launches for huge teams in the space.
And now @bonkfun.
A history of delivering quality products and rewards for holders.
We don’t tweet much on this account, but the work speaks for itself.
We have bought back 2.85% of the total circulating supply on $GP in the past 2 weeks based on the revenue from @bonkfun.
This weeks DCA still has 3 days left to go. 🫡
We started $GP buy backs on Monday this week based on the last 7 days of revenue from @bonkfun.
So far by the time the Dca ends at current price levels we’d have bought and & burnt 880,000 tokens.
Which equates to a total of 1.34% of the total $GP supply burnt in a single week of revenue.
Going to start buying back $GP on monday!
Expected to be around $20-30k a day in buy backs or around 7.3m annualized if revenue sustains.
But not trying to settle for 2nd best in the game so lets get it!
Going to be busy grinding out this update to get it in the publics hands asap. 🤝