WingSwap Buyback and Token Burn Event

WingSwap is excited to announce its Buyback & Burn Program. Through the Buyback & Burn process, WingSwap has an arm to support deflationary control system and increases the value of $WIS in the long run as well as brings profits to holders.

Sources of the Fund

• 25% of the income from SHIP BOOSTER NFTs sale.
• 0.05% of transaction fee per every trade made on WingSwap

WingSwap will going to use the fund to buy back $WIS tokens and then burn them monthly. This will continuously lower the supply, redistribute the value of the $WIS tokens to the remaining $WIS holders and push up $WIS price constantly.

Benefits of Buyback and Burn program

• support the growth and price stability of the token value once listed for secondary trading.
• the token will be more attractive to investors.
•  results in increased liquidity as the secondary market demand for trading the asset on exchanges will be higher. Increased liquidity in turn results in lower price volatility.
• incentivizes long-term growth investors to HODL the $WIS token, which further adds value to the asset.

ABOUT WingSwap
WingSwap is a decentralized exchange built on the Fantom Opera chain that allows platform members to provide liquidity and create a market for others to exchange their original tokens.

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RESOURCES
Medium

Source: https://thebittimes.com/wingswap-buyback-and-token-burn-event-tbt7708.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com