General
This is the biggest $DEXT token burn ever in DEXTools! And there will be more to come!
We are thrilled to announce that DEXTools has just burned an additional 5 million $DEXT tokens!
- We’ve done it again, and we’re committed to continuing this deflationary model.
- Our platform’s utility token, $DEXT, is widely regarded as one of the most deflationary and sustainable tokens in DeFi market.
But what makes it so?
- This is primarily due to ongoing buybacks and burns facilitated by our on-platform aggregator and updated social fee services.
- Since our day-to-day operations are already funded by advertising and other activities, we’ve chosen to allocate most of our additional revenues to the $DEXT token.
It is a practical, sustainable, and efficient system.
Specifically:
100% of the aggregator fees across any chain will be used for buying back and burning $DEXT.
100% of the updated social fees paid in $DEXT (approximately 40% of the total) will be burned!
Here is a summary of the latest significant burns, with the date they were conducted and the amount of tokens burned in each one:
- 2024-3-22: 5,000,000 $DEXT
- 2023-11-12: 5,000,000 $DEXT
- 2023-07-04: 4,000,000 $DEXT
- 2023-03-10: 3,000,000 $DEXT
- 2022-11-28: 2,182,000 $DEXT
The Burn Dashboard: the perfect tool to view and understand the entire process.
You can access the Dashboard here:
We wish to remind you that we have a convenient and accurate Burn Dashboard available for tracking these burns and future ones, thanks to our partner Blockchain Army.
A quick glance at the Dashboard reveals why $DEXT boasts one of the strongest tokenomics in the market.
No need to navigate through multiple pages to check DEXTools revenues and burns: simply visit burn.dextools.io.
The Burn Dashboard is a powerful tool that keeps our holders informed daily about DEXTools burns’ performance. With relevant updated data at a glance, such as the daily burn and the circulating supply.
In this article we explain you the dashboard in more depth:
