Fake World Assets crosses 100 ETH in protocol revenue used for token buybacks with 30% burned
Fake World Assets (FWA), an Ethereum-based token, crossed 100 ETH in protocol revenue used to buy back the token, with 30% of purchased tokens burned (0.5% of total supply). The TokenWorks buyback has accumulated 1.1% of token supply as a team reserve with 270 ETH remaining. Multiple independent sources confirm the buyback mechanism has bought back 100+ ETH worth of the token.
Detected & updated continuously · Source: Nebula
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Sources
@Rhynotic
We’ve crossed 100Ξ in protocol revenue used to buy FWA, with 30% of the purchased tokens burned (0.5% of the total supply so far). Another 2,000+ NFT purchase day. The TokenWorks buyback has also accumulated 1.1% of the token supply as a team reserve, with 270Ξ remaining. https://t.co/zuy4pnBGgJ
@OttoSuwen
The 100% buyback mechanism (from pull volume) on ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 has now bought back 100eth+ worth of the token. https://t.co/4a3T48jJFE
@NotSoEasyMoney
Honestly, not a bad chart at all... $FWA getting some nice buys off the low and back to a 20mil mcap. The protocol fees are now flipped to 100% going back toward token buybacks. Main thing to continue to keep an eye on is if any semblance of volume can be maintained on the https://t.co/PyMksBkwzN