67,825,371 $GALEON burned, equivalent to 1,808,509 $!!!
$GALEON is a deflationary token. Initially, there were a maximum of 4 billion tokens, and to date, more than 67 million tokens have been destroyed ("burned").
How does the "Buyback & Burn" work today?
With each deployment of Galeon in a new hospital, a portion of the services (equivalent to at least $10,000) is used to buy the $GALEON token from the market and burn it.
The company's growth (more hospitals deployed and especially the Blockchain Swarm Learning®) will result in more Buyback & Burn.
What is the next application of "Buyback & Burn"?
The Galeon team is creating new channels for buyback & burn with the new use cases of the platform such as the Blockchain Swarm Learning® technology.
Will there be other use cases for "Buyback & Burn"?
Of course! The Galeon team is working on new use cases for patients, caregivers, and investors.
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How to verify "Buyback & Burn" transactions?
Any "Buyback & Burn" operation is carried out from Galeon's "Burn" wallet, allowing everyone to verify that the tokens have indeed been purchased on the market and destroyed.
You can find all transactions from the burn wallet here 👇
Yes, but with Buyback & Burn, the token becomes scarcer and gains value in the long term.
Buybacks are done in Dollars and the amount of $GALEON destroyed depends on the token price, so the higher the price, the fewer $GALEON will be destroyed at each burn event.
