How to destroy PEPU coins

The PEPU coin destruction mechanism aims to increase its value by reducing the circulating supply, and is implemented in three steps: 15% of the OKX platform transaction fee is used to repurchase and destroy PEPU coins, and OKX regularly destroys the repurchased coins. PEPU coins, and special burn events may be held to further reduce the supply. The destruction process includes repurchasing PEPU coins, periodic destruction, publishing destruction records and reducing the circulating supply. This mechanism is designed to control supply, prevent inflation and ensure the long-term value of PEPU coins. The amount burned depends on transaction fee income, market conditions and OKX team assessment. Currently, the community cannot directly participate in the destruction, but can support the destruction mechanism that returns transaction fees by trading on the OKX platform.

PEPU destruction mechanism

The PEPU coin destruction mechanism is designed to reduce the circulating supply on the market, thereby increasing PEPU The value of the coin. The destruction will be carried out through the following steps:

• Refund of OKX platform fees: 15% of the transaction fee of PEPU coins will be used to buy back and destroy PEPU coins.
• Quarterly destruction: OKX will regularly destroy the repurchased PEPU coins. The amount burned will depend on transaction fee revenue.
• Special event burning: OKX can organize special burning events as needed to further reduce the supply of PEPU coins.

Destruction steps

1. Buyback of PEPU coins: OKX uses transaction fee income to buy back PEPU coins. Repurchase volume is determined based on market conditions and transaction fee income.
2. Regular destruction: OKX will destroy the repurchased PEPU coins every quarter. The date and amount of destruction will be announced at the beginning of the quarter.
3. Burn record: OKX will release the official burn record after the burn, including the number of PEPU coins burned and the transaction hash.
4. Supply Reduction: Each burn reduces the circulating supply of PEPU coins, thereby increasing its value.

FAQ

• What impact will the destruction have on the price of PEPU coins?
  The burning mechanism increases the scarcity of PEPU coins by reducing the circulating supply. Over time, this could lead to an increase in PEPU coin prices.
• Why is it important to destroy PEPU coins?
  The destruction mechanism helps control the supply of PEPU coins, prevent inflation, and ensure its long-term value.
• How does OKX decide how many PEPU coins to destroy each quarter?
  The amount burned will be determined based on transaction fee income, market conditions, and evaluation by the OKX team.
• Can the community play a role in the PEPU coin burn?
  Currently, the community cannot directly participate in the PEPU coin destruction. However, the transaction fee refund burning mechanism can be supported by trading on the OKX platform.

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