With Reincarnation winning by a whopping 80% of the vote we are excited to take THE GAME to the next level.
Currently we have roughly 186,150 FTM to play with. As final amounts could swing based on price action of FTM and fDOG in the next 24 hours we think it is best to more gauge the temperature of payouts/buybacks.
Remember for REINCARNATION the idea is making fDOG extremely scarce by burning fDOG that is LP'd (minus the supply for trading made available), distributing a large amount of FTM to holders, and reserving some FTM to make some large buybacks.
LP left for trading will be locked instead of burnt considering new announcements about $FTM turning into $S in the coming months. This way we can migrate if needed.
NOTE: LP will be consolidated into one dex before distribution/buyback begins
Buybacks will be carried out over multiple txs (not just one big buy) to watch slippage and see how sellers react.
We are still also exploring opportunities to pair some liquidity with an alt/meme token to free up even more FTM.
Buyback amount will not surpass distribution of FTM figures.
To keep this simple there will be 3 choices.
LET EM HANG: Largest Buyback possible favoring closer to a 50/50 split with distribution
LET EM RUN: Mid size buyback favoring distribution mostly over buybacks
LET EM EAT: Smol buyback
Buy/Sell tax will be reconfigured in the coming days based on community vote.
AWOOOOOOO