Buyback and Burn

To ensure full transparency, team MOBOX has developed an auto buyback and burn feature that is fully controlled by Smart Contracts.

Buyback Rules

80% of all profits across the platform is directed into an "auto buyback and burn" pool consisting of BNB. The smart contracts will constantly check the average MBOX price in the past 72 hours. Whenever the price falls below the 72 hour average price the smart contract will be triggered to swap the funds in the pool for MBOX tokens at a random time.

Scenarios

Plan

Team Mobox will burn MBOX every week in strict accordance with the plan. The following table shows several previous histories for reference only.

	Time	MBOX	Records
Periodic Burn	2021-08-13 11:31:16	734171.26	TX
Periodic Burn	2021-07-30 15:15:59	267858.23	TX
Periodic Burn	2021-07-30 15:03:20	14701.16	TX
Periodic Burn	2021-07-23 16:25:05	314901.25	TX
Periodic Burn	2021-07-23 14:08:58	99047.52	TX
Periodic Burn	2021-07-16 11:41:05	297077.34	TX

This table will not be updated regularly. Please check the specific records in Momo Farm.