"To date, we have bought back 5 pct and will burn" but also inflated more than that lol what a fucking clown.
Clearing up some info that’s being spread about $GP ( the only token I own),
First $GP uses 7.6% buy backs because the liquid cash that @GraphiteProto receives is 22%, so that’s 34% of liquid capital used to buying back.
To date we’ve bought back almost 5% of the total supply and will proceed with a burn next week.
Graphite is the development company, we’ve developed products for 4 years and more recently @bonk_fun which is a stand out product being in a JV with @bonk_inu.
@bonk_fun is the main focus now for obvious reasons and starting this week some of the updates will start to reveal themselves.
Atm buy backs fluctuate between $300-700k a week in swaps, and there’s around 55% of the supply circulating, no intention to keep tokens we buy back so will be a straight burn.
New white paper and things are being created for transparency as we enter into the next phase. hope that helps!
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