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10%of collected trading fees are used to buy back and burn PALM. A mechanism that will be used to stabilize the supply of PALM in a unique buyback model.
To calculate the percentage of funds from generated fees (
- perpetual) that will be allocated to treasury buybacks (
), we utilize this formula:
To give an example of projected buyback treasury values, a total of $100,000 will be dedicated towards PALM buybacks assuming $1 mill in perpetual trading fees.
Buybacks will be made strategically and occur over weeks. The PALM bought back from the market will be burned every quartal.