February Token Burns and March Staking Rewards
Dear GIV Guild,
We would like to give the token holder community an update on GIV token burns for February, as well as staking reward stats.
Token Burns
Approximately 432,700 GIV tokens were burned:
https://etherscan.io/tx/0x0612c5cee51f58f3526c4b279eb050234a048956a83c7b0f15e9fabddd12958b
This is based on the 309,470 GIV in staking rewards that were generated by the foundation’s liquidity provision, and 123,229 GIV based on the withdrawal fees and GIV purchases made on CryptoLocally throughout February.
February Staking Rewards
GIV staking rewards for this month have been distributed already:
https://etherscan.io/tx/0x4b0b18c38f7157fc86f167f61396cba51c805c5209b5efe495d4f8889daf87cf
2021 Staking Rewards
In 2021, until further notice, total staking rewards for liquidity provision on the ETH/GIV Uniswap pool and USDC/GIV Balancer Pool will now be 2M GIV/month.
Trading bonuses and APY for GIV for staking on the Finance Wallet on CryptoLocally will change to 10% APY.
The logistics for distribution and tracking will remain the same as before.
Further Reading
This information is not investment advice. Please read the full disclaimer before investing.
About CryptoLocally (GIV)
CryptoLocally is providing non-custodial smart contract escrows for peer-to-peer digital assets trading. CryptoLocally has been designed with ease-of-use in mind so that anyone can gain access to these technologies.
