Four.Meme said on X that BNC4 Daily Buyback has completed its first repurchase-and-burn event. According to the post, a total of 10,169,329 4Stock tokens were bought back from the market and burned, with the amount valued at about $355,900.
The project said the funds used for the buyback came from all product revenue generated by BNC4 on Sept. 8 and Sept. 9. That included 115,057 USDT, LP fee income of 11,652 BNC4, and 33,930 BNC4 collected from Bonding Curve trading fees.
Four.Meme also said the ranking mechanism will reset every day going forward. Under the arrangement described in the post, 100% of BNC4’s daily product revenue will be used to buy back the eligible BNC4-paired community meme token that ranks No. 1 on that day, and the purchased tokens will then be fully burned.
Four.Meme said in a post on X that BNC4 Daily Buyback has completed its first buyback and burn. A total of 10,169,329 4Stock tokens were repurchased from the market and burned, with the amount valued at about $355,900.
According to Four.Meme, the buyback was funded by all product revenue generated by BNC4 on Sept. 8 and Sept. 9. The disclosed revenue included 115,057 USDT, LP fees amounting to 11,652 BNC4, and 33,930 BNC4 in Bonding Curve trading fees.
Four.Meme also said the ranking will reset daily going forward. It added that 100% of BNC4’s daily product revenue will be used to buy back the eligible BNC4-paired community meme token ranked first on that day, and all of those tokens will be burned.
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