BotifyDocs

Buyback and burn

30% of the trading fees on every Botify token go to one job: buying $BOTIFY and burning it.

How it works

Every time fees are claimed, 30% goes to a dedicated buyback wallet. On a fixed schedule, that wallet buys $BOTIFY with what it has collected and burns all of it. Burned tokens are gone for good, so the supply only goes down.

The wallet does nothing else. It never sells and it never sends $BOTIFY anywhere except to be burned.

The Buyback page

Buyback is in the app's sidebar. It shows:

  • The total burned so far, and what it is worth at today's price.
  • A countdown to the next buyback.
  • What is waiting to be burned, what has been set aside from fees so far, and how many burns there have been.
  • Recent burns, each with a link to its transaction.

At the bottom there is a link to the buyback wallet itself. Every buy and every burn is on chain, so you do not have to take the page's word for any of it.