🔥A1X Team Allocation Burn Update
Another 6,566,604 $A1X (0.65% of supply) has now been burned from the original Team allocation.
Quick recap:
• Original Team allocation: 120,000,000 $A1X
• Total burned from Team allocation so far: 29,599,748 $A1X
• Team allocation left to burn: 90,400,252 $A1X
Almost 25% of the original Team allocation has now already been burned.
As announced previously, the full 120M $A1X Team allocation is being burned as it becomes available through vesting.
Side note: our Buyback, Burn & Lock mechanism is also continuing, with another one expected around the end of this month / beginning of next month.
Running tally so far from buybacks:
• Total $A1X bought back: 5,459,404 $A1X
• Total $A1X burned from buybacks: 2,731,176 $A1X
• Total $A1X allocated to Team and locked/vested for 12 months: 2,724,000 $A1X
This brings us to a total of 3.23% of supply burnt in recent months!
Just continuing to follow through on our promises, reduce supply, and keep building around $A1X.