BuyBacks And Burns (Deflationary mechanism)π π₯
π° CLIMB tokens will purchased to decrease the amount in circulation of the DeFi exchanges, as well as the liquidity offer of CLIMB tokens, creating a positive impact on the price relative to the obtained profits. The repurchased tokens will be used for the burning of CLIMB tokens.
An unmineable deflationary token, with fewer and fewer tokens in circulation. By increasing its demand and reducing the supply, the token will increase.
Sometimes burns matter; sometimes they donβt. Having burns controlled by the team and promoted based on achievements helps to keep the community rewarded and informed.
The burns and the amounts can be advertised and tracked. With the profits and fees obtained, CLIMB tokens will repurchased to decrease the amount in circulation of the DeFi exchanges, as well as the liquidity offer of CLIMB tokens, creating a positive impact on the price relative to the obtained profits.
The repurchased tokens will be used for the burning of CLIMB tokens. CLIMB TOKEN FINANCE aims to implement a burn strategy that is beneficial and rewarding for those engaged for the long term.
The buybacks along with the burns, cause a reduction of the tokens in circulation as well as the liquidity in the exchanges, increasing the price of the token immediately.
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