On December 27, SUN.io officially issued an announcement announcing that the 37th SUN token repurchase and destruction has been successfully completed. Between November 28 and December 26, a total of 15,247,017.9853 SUN tokens were destroyed, all of which have been transferred to the black hole address for permanent destruction.
Since the launch of the buyback and destruction mechanism on December 15, 2021, SUN.io has burned a total of 475,561,690.49 SUN tokens. Among them, 314,546,620.33 coins come from the revenue of the SunSwap V2 platform, and 161,015,070.16 coins come from the revenue of the SunPump platform.
This repurchase and destruction has significantly reduced the market circulation of SUN tokens, further optimized the supply and demand balance of tokens, and laid a solid foundation for improving its long-term value and the stability of the ecosystem. This move fully demonstrates SUN.io’s firm commitment to promoting community prosperity and ecologically sustainable development.