On August 11, 2021, DMEX has successfully completed its sixth buyback-and-burn operation. A total amount of 582,276.05 DMC tokens have been transferred to a black-hole address and burned. The black-hole address is 0x0000000000000000000000000000000000000001.
DMC is the platform token of DMEX. The total issuance of DMC is 100 million, 50% of which is generated by mining. The mining reward will be halved every six months. On a monthly basis, DMEX will allocate 80% of the total platform fee revenue toward user benefits, among which 40% will be designated as the reward for DMC mining single token staking pool, 60% will be invested on buyback-and-burn until the total remaining DMC amount is 21 million.
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