DROGON Buy&Burn/Grow
38% of deposited AWX enters the the decentralized DROGON Buy&Burn/Grow pool:
Allocations
Grow: 50% of this pool is sent to the Infinite Auction Pool to grow this over time
Buy & Burn: 50% of this pool is used to buy and burn Drogon daily over time.
How does the Decentralized Buy and Burn Remove Supply?
This is a decentralized buy & burn that burns a total of 56% of the buy&burn pool every week after day 28. (Time, Value Cap & Slippage Adjustments are retained by the team)
The Buy and Burn amounts from the pool each day are as follows:
8% is used everyday (8% per day - 56% total per week)
Buy & Burn occurs in intervals throughout the day.
On day 29, the buy and burn process starts at 1700 UTC - 1 hour after the supply is capped.
Intervals are publicly callable every 7.5 minutes throughout the day.
7.5 minutes equals 192 intervals in 24 hours.
For example, if 2.8% is split into 192 parts, the value for each interval is calculated accordingly.
If an interval is missed, it accumulates to the next interval. For example, if a 7.5- minute interval for a buy and burn is $500 and it is not called, the next interval will be $1000. When called, the following interval returns to $500.
Any unused Buy & Burn value for that period will roll over into the following week.
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