October Token Burns and November Staking Rewards
Dear GIV Guild,
We would like to give the token holder community an update on GIV token burns for October, as well as staking rewards for the upcoming month.
Token Burns
Approximately 4.5M GIV tokens have been burned: https://etherscan.io/tx/0x51da3dd2d69a215c89e6b1432663254f35cf2ec3b18bc63d2b5b632aab3d0dc6
This is based on the 4,415,452.29 GIV in staking rewards that was generated by the foundation’s liquidity provision, and 49,964.689 GIV based on the withdrawal fees and GIV purchases made on CryptoLocally throughout October.
October Staking Rewards and Trading Bonuses
The full 20,752,991.734 GIV have been distributed as staking rewards this month.
89,735.87649158 GIV was distributed as trading bonuses on CryptoLocally as well.
November Staking Rewards
In November, total staking rewards for liquidity provision on the ETH/GIV Uniswap pool and USDC/GIV Balancer Pool will 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. However, staking rewards distribution for liquidity providers will occur at once, at the end of the month.
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.
