Blackhole Foundation Completes $132K Token Buyback for Ecosystem Development

The Escape Velocity Season 7 has resulted in over 14 million $BLACK tokens being burned from circulation. **Key Details:** - 14,000,000+ $BLACK tokens removed from supply - Burn occurred during Escape Velocity Season 7 - Represents continued deflationary mechanism for the token **Context:** This burn follows previous seasons of the Escape Velocity program, which has consistently reduced $BLACK token supply. Season 5 saw 7.4 million tokens burned, indicating Season 7's burn rate has nearly doubled. Token burns permanently remove cryptocurrency from circulation, potentially increasing scarcity and value for remaining holders.

**Final week to participate in Escape Velocity Season 7** The seventh season of Escape Velocity ends January 29th at 12:00 PM UTC. Participants have one week remaining to qualify for rewards. **Key details:** - Create supermassive locks worth 2,000 veBLACK or more - Qualify for airdrops distributed at season end - Current rebate rate: 57% - Total season allocation: 8,000,000 veBLACK in rebates The program rewards users who lock veBLACK tokens by returning additional veBLACK based on the rebate percentage. With rebates currently at 57%, participants receive more than half their locked amount back as rewards.

**Epoch 27 Results** veBLACK holders collectively earned over **$320,000 in rewards** during epoch 27, continuing the protocol's strong reward distribution trend. **Key Context:** - Epoch 27 featured $16,000+ in voting incentives across major pools including WAVAX/BLACK, WETH.e/USDt, and ID/WAVAX - The SUPER/BLACK liquidity pool alone added $22,000+ in rewards - Additional incentives of $3,500+ were distributed across BTC.b/XAUT, SUZ/WAVAX, and CHAMP/USDC pools - Previous epoch 26 distributed over $360,000 to veBLACK holders **How It Works:** Users lock BLACK tokens to receive veBLACK, which grants voting rights on liquidity pool incentives. Voters earn passive income from their participation. **Looking Ahead:** Epoch 28 is now underway. The protocol asks holders: how do you think the next epoch will perform compared to the $320K distributed in epoch 27?

**$16,700+ in rewards** have been added to the $fBOMB / $USDC liquidity pool by @MCLBxfBOMB. - Voting window closes in a few hours - Previous epoch saw $19,800+ in incentives added - Participants can earn rewards by voting and providing liquidity The pool continues to offer substantial incentives for liquidity providers across consecutive epochs.

**Blackhole**, a decentralized exchange on Avalanche, has achieved **$25 billion in cumulative trading volume** within its first six months of operation. **Key metrics:** - $25B total volume reached in 6 months - Recent activity: $500M+ volume in consecutive epochs - Operating exclusively on Avalanche network - Previous milestone: $12.5B at 75-day mark **Revenue model:** All protocol revenue flows directly to veBLACK token holders. Users can lock tokens to begin earning rewards from trading fees. The platform's growth trajectory shows consistent acceleration, doubling its volume from $12.5B to $25B in approximately 105 days.