Buybacks

The buyback and burn mechanism is designed to reward the holders of $BLOXWAP. When winners are paid out from each round, a 1% fee is sent to the Bloxwap treasury. A portion of that fee is used to buy back $BLOXWAP from the open market. After the buyback, the tokens that were bought back are burned.

Flywheel

Buyback Example

1. 100 users place $5 predictions for a price, all in the same round (each round is 1 second long).
2. 20 users win and 80 users lose in that round.
   Losing predictions80%

   Winning predictions20%
3. A 1% fee is applied to the $500 winning pool, which is $5.
   Payouts99%

   Treasury1%
4. $5 is sent to the Bloxwap treasury.
   Treasury100%
5. 40% of the treasury is used to buy back $BLOXWAP from the pump.fun pool. The details about the rewards split are here.
   Team10%

   Community20%

   Prizes30%

   Buybacks40%
6. $2 is used to buy back $BLOXWAP from the open market.
7. After the buyback, the $2 worth of tokens is burned.

If you want to see the buyback and burn in action, check it out here: buy and burn