Introducing the PolyXbot flywheel 🔥
We have just burnt 2.5 million
$PLX tokens kicking off our flywheel, let us explain what this means for our community.
Every Sunday we will be using a portion of our creator fees to purchase supply of
$PLX from the open market and burning that supply.
We will be combining this with the revenue generated from the PLX bot itself so that will mean increase buybacks and increase burns.
The more volume there is for
$PLX and the more fees generated from the bot itself = more
$PLX bought and burnt on the open market.
The aim is to reduce the supply of
$PLX overall creating a positive supply shock leading to more demand for the remaining tokens.
Check comment below for burn proof.