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How'S the buyback gonna work? I've got some BTC wxg
3 ответов
Hello, David! Since April 28, we have been buying back USDT-WXG and USDC-WXG (a little bit later — BTC-WXG) using trading fees collected by the matcher. Once a day, the matcher exchanges the collected commission for WAVES (everything except WXG tokens and WX) and transfers WAVES to the address 3P8NHHsKnKPBif7Gi6SfVKi515yA8mYNhHn. From this Waves address, USDT-WXG and USDC-WXG are redeemed from spot trading pairs with WAVES at a market price. Trading fees collected in WXG redeemed from the market are accumulated on the matcher and burned once a month. Trading commissions collected in WX tokens are partly transferred to traders as cashback and partly periodically burned.
David
Автор вопроса
Hello, David! Since April 28, we have been buying...
So, I would get waves in exchange for my BTC wxg?
So, I would get waves in exchange for my BTC wxg?
Yes, however, please note the buying back process is based on the current market price on WX Network, which is far lower than the average market price, but at the same time, it creates some kind of constant buying pressure.
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