Details of buy & burn this May 31, 2021
All 276,381 A5T were bought on the open market at an average rate of 0.1976USDT
All 276,381 A5T purchased have been burned.
Through 7 monthly buy+burns dating back from November 2020, the current cumulative quantity of burned A5T stands now at 1,003,635 A5T.
Meanwhile, a total of 171,792.52 USDT has been placed into the Alpha5 Insurance Fund.
Burn periods details:
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
The seventh phase of destruction: 276,381
Cumulative destroyed quantity: 1,003,635 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 the A5T Transparency Page (with all the buy+burn details).