As per ACDX’s whitepaper, every quarter we use 50% of the maker fees received from users to buy back ACXT and burn the tokens.
We are pleased to announce that from 29th September 2020 to 28th December 2020, 105,614 ACXT was burnt from the quarterly ACXT Token Burn and taken out of circulation forever and reduced the overall total supply to just 49,614,188 ACXT.
Below is the contract address of ACXT:
To recap, we implemented the first token burn of ACXT in early December this year. The burnt tokens were the unsold ones in the cACXT convertible sale. The total number of tokens burned was 280,198 ACXT.
By completing the two token burns, we hope to balance the ACXT supply, maintain the ACXT utility value, foster the sustainability of the ACDX ecosystem, therefore benefitting ACXT holders.