1st BuyBack and 2nd Burning is TODAY! 🔥🔥🔥💥🚀
A few weeks ago, we launched the CBFI BEP20 token Mainnet at BSC (Binance Smart Chain). ✅
The launch of CBFI tokens which started at Launchpad PINKSALE has hit the hard cap of 200 BNB (~ $ 80,000).✅
It started with only 180 BNBs as the Initial Liquidity Pool (CBFI-BNB), and it has managed to be the initial Liquidity Pool for CBFIs to be in the Decentralized Exchange (DEX) that is locked in PINKSALE smart contract for 10 years. 🔒
Now, after 19 days of trading for the CBFI-BNB pair on DEX, the initial Liquidity of 180BNB has grown to 320BNB today, bringing the total Liquidity Pool for the CBFI-BNB pair to USD 230,000.✅
🩸Crypto Market Bleed
Cryptocurrency markets have bled red in the last 24 hours. The global market cap is down by 10.23 per cent in the last 7 days and is at $1.54 trillion current total MarketCap as of 8:00 AM IST, CoinMarketCap data showed.
The BNB token has gone down by 12.32 percent on the last 7 days. Solana fell by 16.78 per cent. XRP Ripple is also down by 11.66 per cent in the last 24 hours. The ADA token showed a 12.15 per cent downtrend. Terra LUNA is down by 26.40 per cent in the last 7 days.
Overall, the top major tokens slid drastically down from their positions over the weekend and many crypto tokens also crashed below support levels.
With the fall of the crypto market and the BNB (the major pair for CBFI), we can NOW start the first BUYBACK Programme, which uses 1% of the transaction fees from the CBFI Smart Contract.
We are pleased to announce that this is our effort to make the CBFI platform more substantial and more stable by consistently doing the BUYBACK & BURNING.
🔥First BuyBack using BUSD and 2nd Burning Event.
This transaction shows the BUSD received with 2,200 BUSD, which will be converted 100% into BNB and BUY the CBFI directly from PancakeSwap.
Please refer to the link for CBFI proof of burn: https://bscscan.com/token/0xdb0f8cec7634cb86de98bd8c23e5b521d66ccb1d?a=0x000000000000000000000000000000000000dead
$2200 BUSD purchased 100% for 707418.73 CBFI on PancakeSwap: https://bscscan.com/tx/0x8aea89ed5f5df6e8300081094186359aafd84dd9859ae3293cfd5933da52ce39
Then the purchased tokens were sent to the Death/Zero address: https://bscscan.com/tx/0x253f757205589d436e9fd4397249c851393b76fb182eb5e76c3ba3bc2f3e1e53
We paid special attention to Binance’ buyback-and-burn program. According to the exchange’s whitepaper, Binance sends % of its profits to buy back BNB coins and burn them, subsequently removing tokens from the overall circulating supply every quarter. The process is said to continue until 50% of all BNB are burned, or approximately 100 million tokens. We consider this a fair enough system of sustaining the project’s token economy and one of the best practices for benchmarking.🤝
In CBFI, the smart contract will automatically allocate 1% of the fees to this specific address (https://burnbuybackmarketing.coinboxfinance.com/ ) in BUSD. This will happen each time any transaction for a CBFI token occurs.
1% has been explicitly provided for CBFI BUYBACK & BURN tokens on the exchange. Therefore, we will continue buying and burning tokens and removing them from the market.🥰
The CBFI buyback program will have no specific time limits. The total buyback of CBFI will continue if a transaction happens.💥🚀
Thank you all for your support. A great future awaits us! 🙌🥳
Do keep supporting us, visit our NFTIAN Virtual World for CBFI Virtual Office, and participate in any events held every Monday and Friday. 🤩
