🏦Stack Insurance Fund (SIF)
Stack Insurance Fund:
Tax Allocation: 1.6% on each transaction
Fund Utilization:
The 1.6% tax collected from each transaction is directed to the "Stack Insurance Fund."
Purpose of the Fund:
Manual Buyback and Burn: The primary purpose of the Stack Insurance Fund is to accumulate funds for manual buyback and burn operations. This process involves periodically using the collected funds to purchase STACK tokens from the market and subsequently burning them.
Key Features:
Price Support: The manual buyback and burn operations are designed to provide price support for STACK by reducing the circulating supply. This initiative can help stabilize and potentially increase the token's value over time.
Community Transparency: Regular updates on the buyback and burn operations, including the amount of STACK tokens bought and burned, will be communicated to the community. This transparency fosters trust and confidence among the token holders.
Dynamic Strategy: The manual buyback and burn strategy can be adjusted based on market conditions, ensuring a flexible approach to support the token's price action.
All purchased tokens will be BURNT in a 0xDeAd wallet. Why Manual Buy/Burns?
Manual buy and burns allows us to utilise these at vital times and to help chart action, manual buys and burns will be conducted at set holder/marketcap milestones and also used to create floors and support to help holders.
These funds will NEVER be used for anything other than buying and burning $STACK
Last updated