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 Mar 2021 to 28th June 2021, 291,482 ACXT was burnt from the quarterly ACXT Token Burn and taken out of circulation forever and reduced the overall total supply to just 48,967,822 ACXT.
Below is the contract address of ACXT:
In addition to the ACXT token burn of the unsold ones in the cACXT convertible sale, the total number of tokens burned was 1,032,178 ACXT.
By completing the 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.