At erable°, we aim to create a more sustainable and equitable financial ecosystem. A key part of that mission is our Buyback & Burn program, designed to enhance the value of our native token, $ERA, while reinforcing our commitment to the community.
This deflationary mechanism triggers each time we onboard a new project on our fundraising platforms — erable° and WE DO GOOD — to repurchase and permanently remove $ERA tokens from circulation. The result? A more scarce and valuable token, increased transparency, and alignment with our stakeholders’ interests.
How Does the Buyback & Burn Program Work?
1. Project Onboarding:
- The program activates with the onboarding of each new impact-driven project on the erable° and WE DO GOOD platforms.
- This approach links the buyback process directly to the growth and success of projects supported by the platforms.
2. Token Repurchase:
- A portion of the activity generated during project onboarding is allocated to buying $ERA tokens from the open market.
- This ensures consistent demand for $ERA and ties its value to real-world project activity.
3. Token Burn:
- The purchased tokens are sent to a burn address (0x000000000000000000000000000000000000dEaD), making them permanently inaccessible.
- This reduces the overall circulating supply of $ERA, increasing scarcity over time.
4. Transparency:
- All transactions are verifiable on-chain, providing the community with full visibility into the process.
Why is This Important?
- Deflationary Impact:
By reducing the supply of $ERA tokens, the Buyback & Burn mechanism creates scarcity, which can drive up the token’s value as demand increases. - Transparency:
The program is fully on-chain, meaning every buyback and burn transaction is visible to anyone. This ensures accountability and builds trust within the community. - Community Alignment:
The program aligns the success of the erable° ecosystem with the interests of $ERA holders. As more impactful projects are onboarded, the frequency and scale of buybacks increase, reinforcing the value and engagement within the ecosystem.
Real-Time Dashboard
To keep the community informed, a Buyback & Burn Dashboard is accessible on a Notion page. Here’s what you can track:
- Total Burned Tokens: Cumulative $ERA burned since the program began.
- Percentage of Circulating Supply Burned: A running total of how much of the supply has been permanently removed.
- Recent Transactions: Detailed information about each buyback, including transaction IDs and burn amounts.
Link to the dashboard: https://erableofficial.notion.site/ERA-Buyback-Burn-Dashboard-14f6cb18f8498028af66e25162ba3282
Future Enhancements
As erable° expands its ecosystem, additional activities and offerings will be integrated into the Buyback & Burn program. This means more frequent burns and a stronger link between the platform’s growth and $ERA’s value.Examples of future revenue sources include:
- New financial products introduced by erable°
- Era°hub 👀?
These expansions will make the program even more impactful over time.
FAQs
1. How can I verify that tokens are being burned?
- Every buyback and burn transaction is logged on the blockchain. You can find transaction IDs on the dashboard and verify them on-chain.
2. How often does the Buyback & Burn take place?
- The program is conducted monthly, ensuring regular updates to the $ERA ecosystem.
3. What’s the ultimate goal of the program?
- To align $ERA’s value with the success of the projects financed through erable° and WE DO GOOD while creating long-term benefits for token holders.
4. How can I provide feedback or suggest improvements?
- We welcome community feedback! Reach out via Discord or email us at token@erable.com.
