$200k Buyback & Burn Update 🔥
We've bought back $20k worth of $STAR tokens in the past 2 days, with $170k more to go 🔜
Total buyback so far: 246,506 $STAR tokens worth $30k.
🔍 Track all transactions live on-chain: https://t.co/cGp8LGJyaA
📊 3 Pillars For Deflationary $STAR
The ongoing Season One is the last seasonal airdrop in the StarHeroes Universe 🏁
Our focus is now shifting to burning tokens, buybacks, and reducing the total supply, a critical step in transitioning from an inflationary to a deflationary token economy 📈
Let’s revise the 3 pillars of our deflationary strategy for $STAR, ensuring long-term sustainability and a thriving economy 👇
1️�� Play-to-Burn 🔥
Up to 40% of total $STAR supply (!) will be burned over 3 game seasons, depending on player activity
= Up to 10% of total supply burned EACH SEASON
= Up to 1.25% of total supply burned EACH WEEK
= Over 5x more $STAR burned than distributed in the Season 1 airdrop - and this is the last airdrop.
The Play-to-Burn mechanism counts from the start of Season 1. Players will soon be able to track burns via a transparent, user-friendly dashboard 🎮
2️⃣ Hero Duty Web App burns ❤️🔥
→ Almost 1.5 Million deposited $STAR (and growing!) will be removed from circulation and irrevocably burned to add another layer of deflationary pressure
3️⃣ $200k Buyback & Burn 💰
→ $200,000 worth of game revenue is dedicated to regularly buy & burn $STAR from the market
Starting from June 18th, buybacks are set to ensure constant buying pressure and enhance token scarcity, benefiting all $STAR holders 📈
Find out more about each of our deflationary strategies below👇
$200k Buyback & Burn - First Batch 🔥
Sharing the transaction hashes for the first batch of buybacks, totaling 102,295 $STAR worth $10,000!
🔎 The buybacks are conducted on-chain to ensure exceptional transparency. Due to high arbitrage, they are made in batches.
This is just the tip of the iceberg of our $200,000 buyback program! 🗻
What is our unique strategy against token dilution?
Find out in our post below 👇
https://t.co/pqNyIZyRXw
🕊️👰!!wedding alert!!🤵♀️💒
Rocket Pool recently launched the Houston 🏭 upgrade and the community has begun to put the new tools into work.
This screenshot shows a union by 2 people, one providing a node with ETH and the other $RPL.
Imagine these tools in bigger hands 🤔🤔
🤩 I just claimed my 'Rabby Desktop Genesis' NFT
⬇️ To join the FREE mint whitelist
Visit https://t.co/VWycifN5NC to download Rabby Desktop Beta now.
#RabbyDesktop--a dedicated client for Dapp security. @Rabby_io
$200,000 Buyback & Burn 🔥
As @starheroes_game is thriving and generating significant revenue, we're thrilled to redistribute it to our community!
Starting tomorrow, we're launching a $200k Buyback & Burn program, spread over time to create constant buying pressure on $STAR 📈
Buybacks are one of our 3 pillar mechanisms to make $STAR token net deflationary:
1️⃣ Play-to-Burn → Up to 40% of the total $STAR supply will get burned over 3 game seasons depending on players’ activity 🎮
2️⃣ Hero Duty Web App burns → Over 1.3 Million $STAR (and growing!) will be removed from circulation and irrevocably burned ❤️🔥
3️⃣ Buyback & Burn → $200,000 worth of revenue is dedicated to buy & burn $STAR from the market 💰
📅 Buyback starts tomorrow, June 17th, and lasts over a dedicated period.
To prevent market frontrunning, we won't give exact buyback dates. However, once completed, we'll provide the tx hashes of the buyback transactions.
📊 With the Buybacks, Play-to-Burn and the Hero Duty Web App also aggregating tokens, $STAR will become net deflationary 💪
Now, read more about our 3 deflationary strategies below 👇
𝗥𝗣𝗟, 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 𝗴𝗮𝗶𝗻𝗲𝗿 𝗼𝗳 #𝗕𝗶𝗻𝗮𝗻𝗰𝗲, 𝗶𝘀 𝘂�� 𝟭𝟬𝟬% 𝘁𝗼𝗱𝗮𝘆 🔥 🚀
Why is this going bonkers?
👉 There is a proposal to rework its tokenomics.
👉 $RPL will no longer act as a collateral token and will instead directly capture value.
👉 $RPL Houston Upgrade is coming on June 17.
👉 They are also introducing features like staking ETH on behalf of nodes and adding an RPL withdrawal address.