Offensive token burning strategy 🔥
As our VC vesting is over : we have decided to launch a burning mechanism, starting now ! 🚀
Times have been rough and because we care, while you’re waiting for the various use cases of the $treeb and the development of the charity launchpad, we are committed to having a proactive strategy in benefit of our holders.
Our purpose is to support the project’s growth by a clear and transparent burn mechanism that will reward both those who believed in us since the beginning and also new investors.
More than 5,6M$ burned in the next months 🔥.
To reach this goal we will burn up to 20 Million of our own company reserve tokens, that’s 2% of the total supply. This action is carried out in order to give a healthier future to our little gem, the $treeb.
The token burn will follow a series of different levels : we will implement milestones to reach every set of token burn.
15 milestones for 15 Million tokens.
The burn mechanism is based on a system of 15 milestones represented by floor prices. Each of them triggers the burn of a specific quantity of tokens indicated in parallel with the related milestone. To activate each milestone, the daily price (as given by Spookyswap linear graph) must remain above each floor price, and be stabilized over a period of 5 days.
And special events for the Retreebers
You really thought we would stop here ? — Of course not.
In addition to the 15M tokens burned, there will also be special Retreeb burn events where 5 Million extra tokens will be burned to celebrate the reaching of different milestones. For example, X token holders, anniversaries, etc.
We hope the first milestone will be reached very soon !
Thank you for your support as always.
The Retreeb team 💚