Cellframe | Service Oriented Blockchain Platform

Community Update: New Beginnings II

Category: Update

Title image, read title

Following up on our previous community update, we are delighted to share the successful completion of the promised buybacks. Please find the token buyback recap below, as well as the upcoming token burn and LP Rewards Boost details.

Token Burn

We have listened to our community and consulted with experienced partners, and have decided to revise the previously communicated LP Rewards strategy (100% to LP Rewards) by introducing a token burn in order to make best use of the CELL tokens acquired through our buybacks.

  • 50% — LP Rewards Program: A total of ~565,000 CELL will be added as LP rewards at a valuation of ~800,000 USD.
  • 50% — Token Burn: In order to reduce the supply and stimulate market growth, a total of ~565,000 CELL valued at ~800,000 USD will be burned. The completion of CELL burn will be realized in the coming week.

Token Buyback Recap

By means of 10 buybacks we have bought approx. 1,130,000 CELL with a valuation of ~1,600,000 USD at current prices with a total of 431.6 ETH from our initial liquidity. Please the details below as well as the etherscan of each buyback to be found through our twitter posts.

Buyback 1

Buyback 2

Buyback 3

Buyback 4

Buyback 5

Buyback 6

Buyback 7

Buyback 8

Buyback 9

Buyback 10

Total CELL Bought

  • ~1,130,000 CELL (~1,600,000 USD)

About Cellframe

Cellframe is a quantum-resistant layer-1 network focused on facilitating secure and scalable cross-chain transfers. Cellframe aims to create an infrastructure for decentralized low-level services through its multichain nature. It is quantum-safe — it uses post-quantum encryption by default. Cellframe is built from scratch with plain C, which results in more efficient utilization of CPU and memory.

Stay tuned for more info and follow us at:

Twitter: https://twitter.com/cellframenet

Telegram: https://t.me/cellframe

Website: https://cellframe.net/

Telegram ANN: https://t.me/CellframeANN