VolumeX Documentation
  • VolumeX Project
    • 💡Introduction
    • đŸ’ŧOur Mission Statement
  • OUR SERVICE BOTS
    • 🤖Solana VolumeX Bot
      • âš™ī¸Functionality & Benefits
      • 🛞How-To Use
    • 📟Solana HolderX Bot
      • âš™ī¸Functionality & Benefits
      • 🛞How-To Use
    • 💰Fees
    • 💹Bots' Features and Capabilities
  • VOLUMEX TOKEN
    • đŸĒ™$VOLX Token
    • 📊Buybacks & Burning
  • RESOURCES
    • â„šī¸Frequently Asked Questions (FAQ)
    • 🧑‍🤝‍🧑Community & Channels
  • LEGAL
    • 🛃Terms of Service
    • âš–ī¸Privacy Policy and Prohibited Use Policy
  • Volume X Website
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On this page
  • How It Works
  • Benefits for VOLX Holders
  1. VOLUMEX TOKEN

Buybacks & Burning

VolumeX is committed to a long-term sustainable ecosystem for the $VOLX token and our investors. A key element of this strategy is our Token Buyback & Burn program.

How It Works

50% of fees from both bots will be go to buybacks and burn of $VOLX on a weekly basis.

  1. Revenue Source: A portion of the fees (50%) collected from users for the operation of both VolumeX Bot and SolanaHoldersX Bot will be allocated towards this program.

  2. Weekly Buybacks: 50% of the total bot revenue will be used to buy back $VOLX tokens weekly.

  3. Regular Burns: The purchased $VOLX tokens will then be permanently removed from circulation through burning.

Benefits for VOLX Holders

  • By reducing the total supply of $VOLX tokens, buybacks and burns can help to increase the value of each remaining token for holders.

  • A reduced supply of tokens can contribute to greater price stability over time.

This strategy shows our commitment to the long-term health and value of the $VOLX token and the VolumeX ecosystem. Also, all buyback and burn transactions will be publicly verifiable on the blockchain, ensuring complete transparency for our community.

We believe this Token Buyback & Burn program will play a vital role in creating a strong foundation for the future growth and success of VolumeX.

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Last updated 1 year ago

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