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.

Details of buy & burn this April 30, 2021

Burn periods details:

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

Insurance Fund:

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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