Buy back and burn accountability?

General
1

Is there any way of checking whether the buy back and burn policy approved as proposal #3 is being correctly implemented?

By my maths Tinyman has had >$5m of volume pretty much every day this year (some days much more, currently $13m over last 24hrs).

Using an average price of around 0.054 USD to TINY, one would have expected at least 185k of TINY to have been burned (5m * 0.0001 * 20 days / 0.054). This is a low estimate given the volumes have been more than $5m a day on average.

But only 116k have been burned so far? How do we explain the discrepancy?

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There were a few glitches in the process so it hadn’t burned the full amount to-date. It should be approximately correct now (200k TINY burned). We’ll ensure it is correct by the end of the month and publish a report of the monthly fees and burns each month.

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Awesome - thanks for responding. I had spotted the burned number going up a lot over the last few days, glad to see it’s working as expected!

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Hey @Atilla, could you please burn those TINY tokens in the reserve address when you get time!

Thanks! :heart:

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