Elephant Buyback System
Last updated
Last updated
Various actions in the Elephant Money ecosystem are used to execute market buys of ELEPHANT token which are then sent to the ELEPHANT Treasury (BERTHA).
The buyback system drives additional buy pressure for ELEPHANT token independent of market conditions or buyer behaviors.
Below you can find the chart displaying the actions and what percentage of the funds are dedicated to buybacks.
| Action | % to Buyback Elephant | Action |
|---|---|---|
**10% of Futures deposits go to the BNB Reserve for yield payout.
More on the ELEPHANT Treasury can be found here.
Mint Unlimited NFTs
100%
Buyback ELEPHANT
Futures Deposits**
90%
Buyback ELEPHANT