We continue with our commitment to making PBX a deflationary token, to help with the overall health of our ecosystem. As usual, the amount removed from circulation this month has been determined by our algorithm which automatically calculates the appropriate Deflationary Volume Incentive.
The algorithm takes into account the volume of PBX traded throughout the markets and allocates the appropriate amount to be removed from the ecosystem. As we explained previously once the MVP is live the deflationary amount will come from transaction fees to ensure this acts as a virtuous circle — the more activity, the more deflationary PBX becomes.
The amount that has been calculated for this cycle is 41,422,832.43 PBX! This amount at current prices equates to $56,914.97.
The link below reflects the transaction:
This quantity of PBX will fluctuate as trading volumes and the algorithm adapts to protect the value of our ecosystem. We look forward to more deflation cycles as we work diligently towards completing our MVP.