Content
@
0 reply
0 recast
0 reaction
~ Elias | FMTD
@eliasvm
[ PHAVER 1st $SOCIAL BURN ] As announced by the team, today’s been conducted the first ever $SOCIAL burn of the unclaimed S1 Phairdrop allocations (sorry about that, procrastination hero!) 🔥 The burn involved ~41M $SOCIAL tokens on the Base-side of the universe ☑️ The amount burned represents ~4% of the total 10B supply (!!) so very big numbers here. 💭 What do you think this will represent in the near future for the $SOCIAL token? ♟️ What do you think will happen when the buyback program begins? 🦄 LKP!
1 reply
0 recast
59 reactions
0xgm
@0xgm
Well, let the buyback begin, then we might probably have a better assessment of what it could mean.
1 reply
0 recast
1 reaction
~ Elias | FMTD
@eliasvm
I didn’t fully understand your comment, but I guess you’re asking for price rises… for that we will need two things: 1) Adoption. We need people to get involved. 2) We need the use of the App to be stable or rise even more. …could you help with any of these tasks? Maybe helping spread the word within Web2 communities?
1 reply
0 recast
0 reaction
0xgm
@0xgm
Of, course, the purpose of burns is to improve the token stability or chart health. So I am just saying maybe the buyback could trigger people to come in
0 reply
0 recast
1 reaction
