SwissBorg Guardians vote to burn 300,000 BORG in Q3
SwissBorg completed its Q3 token burn, permanently removing 300,000 $BORG from circulation after a vote by its Guardian community. The burn is funded by weekly buybacks, where a portion of trading cashback rewards is repurchased from the open market.
- Guardians vote throughout the year on whether to burn or hold the buyback pool
- Proof-of-burn was shared on-chain; non-Guardians can join so their vote counts in next quarter's decision
- SwissBorg confirmed the burn on X, thanking @Crypto_Briefing for spreading the news
Sources
- Thanks for spreading the $BORG news @Crypto_Briefing 💚 https://t.co/6jbd8uUa0s Replying to their earlier post: 300,000 $BORG, gone for good. 🔥 The Guardians voted, and the Q3 burn is done. Every week, your trades fund BORG buybacks from the open market for Cashback. And throughout the year, our Guardians vo…x.com ↗
- Proof of burn 👇 https://t.co/9dm56iwyb2 Not a Guardian yet? Join, and your vote counts next quarter: https://t.co/0gd3dQxsJz Replying to their earlier post: 300,000 $BORG, gone for good. 🔥 The Guardians voted, and the Q3 burn is done. Every week, your trades fund BORG buybacks from the open market for Cashback. And throughout the year, our Guardians vo…x.com ↗
- 300,000 $BORG, gone for good. 🔥 The Guardians voted, and the Q3 burn is done. Every week, your trades fund BORG buybacks from the open market for Cashback. And throughout the year, our Guardians vote to burn. Buy back. Cashback. Burn. Repeat. Next quarter: burn more, or hold https://t.co/0I0E3SvfvBx.com ↗
SwissBorg
