November Token Burns and December Staking Rewards
Dear GIV Guild,
We would like to give the token holder community an update on GIV token burns for November, as well as staking rewards for the upcoming month.
Token Burns
Approximately 1M GIV tokens were burned today: https://etherscan.io/tx/0xd7809309b64fb1f31613a890d4dfc1ef488361c54bd4aed9584c7aed4e1b47cc
https://etherscan.io/tx/0x0bdef82ed3ba58d1c8ae635f3df6e1f2b8ac48d0d22f11fba4eab0217e0233f5
This is based on the 945,477 GIV in staking rewards that were generated by the foundation’s liquidity provision, and 18,750.67 GIV based on the withdrawal fees and GIV purchases made on CryptoLocally throughout November.
November Staking Rewards and Trading Bonuses
The full 4,000,000 GIV have been distributed as staking rewards this month.
94,585.07917871 GIV was distributed as trading bonuses on CryptoLocally as well.
December Staking Rewards
In December, total staking rewards for liquidity provision on the ETH/GIV Uniswap pool and USDC/GIV Balancer Pool will once again be 4M GIV.
Trading bonuses and APY for GIV for staking on the Finance Wallet on CryptoLocally will stay the same.
The logistics for distribution and tracking will remain the same as in November.
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.
