Summer heat

GMGM!

July has just begun, the sun is blazing — and we're bringing the heat from another angle. It's time for our ninth date with the on-chain burn: meet the 9th quarterly $XROCK burn.

As always, the xRocket team channeled a share of the platform's profit from the past quarter into buying $XROCK back from the market, after which the acquired tokens were sent into the flames for good via the smart contract's burn method. Our sister project @dtrade chips in here too — a portion of its fees also goes toward buying back and burning $XROCK.

This time 12,000,000 $XROCK (~$200,000 USDT) went up in smoke — 2.4% of the token's entire supply gone in a single quarter. Not bad, not bad at all. In total, 33,380,000 $XROCK have now been pulled out of circulation since the burns began — that's already 6.68% of the total supply.

If you're new here: burns aren't a one-off event but a regular deflationary mechanic, happening once per quarter. The on-chain fires will keep burning until half of the entire $XROCK supply is irreversibly destroyed. We've still got plenty of ground to cover before then.

Summer's hot — hold your $XROCK tight

Good luck!