A5T April Burn Completed

According to the A5T supply commitment mentioned in the Alpha5 official whitepaper, Alpha5 uses 20% of its monthly fee revenue at the end of each month to buy and burn A5T.

The total quantity of burned assets in April is 129,488 A5T. All of them were bought on the open market at an average rate of 0.4847 USDT. All 129,488 A5T purchased have been burned. So, currently, the current cumulative quantity of burned assets is 727,254 A5T. This amount was cumulatively burned during the last 6 burn periods starting from November, 2020. In terms of the TetherUS amount credited into the Insurance Fund during this period of time, a total of 171,792.52 USDT was accordingly placed into the insurance Fund.

The first phase of destruction: 98,958 A5T

The second phase of destruction: 123,760 A5T

The third phase of destruction: 197,766 A5T

The fourth phase of destruction: 74,195 A5T

The fifth phase of destruction: 103,087 A5T

The sixth phase of destruction: 129,488 A5T

Cumulative destroyed quantity: 727,254 A5T

Deposit after the 1st burn: 27,494.52 USDT

Deposit after the 2nd burn: 37,128 USDT

Deposit after the 3rd burn: 59,329 USDT

Deposit after the 4th burn: 22,258.5 USDT

Deposit after the 5th burn: 25,583.1 USDT

Total TetherUS balance credited: 171,792.52 USDT

*Deposit into the Insurance Fund originates in the event where Alpha5 burns A5T from the emission curve (instead of conducting a buy & burn from the open market) and places the proceeds into the Insurance Fund.

For more detailed information regarding A5T, please refer to its official website

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