Daily Operations: Fees, Burns, and BTC Backing
Today's operations involved processing the week's trading fees from our Uniswap and PancakeSwap pools. All accrued EVA was burned, and all WBTC fees were sent to the BurnVault.
This process results in a powerful outcome: a reduction in the circulating supply of EVA combined with an increase in BTC backing per token.
This action reinforces our core design principle of a deflationary supply model coupled with a growing BTC reserve.
We have successfully deposited WBTC into the BurnVault, sourced from both fees and previous burns. Each BurnDay contributes to reducing the supply and consequently strengthening the on-chain backing of the token.
Transaction Details
The following transactions detail the day's activities:
Fees
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Burn
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Deposit
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Important Information and Community Updates
Please be reminded that for official numbers and verified information, you should always rely on our official website and verified communication channels. It is important to disregard any information that does not originate from these official sources.
We are committed to continuously making EVA scarcer and enhancing the value of its BTC backing on a daily basis. To stay informed about these developments, we encourage you to join our official Telegram community.