🔥Deflationary Mechanics

Overview

The BOM token will employ a deflationary mechanism through a strategic buyback and burn policy. This plan aims to reduce the total supply of BOM tokens in circulation, creating scarcity and potentially enhancing the token value for holders.

Immediate and Scheduled Actions

• Immediate Burn: We will soon burn part of the total supply of BOM tokens. This action will be taken promptly to demonstrate our commitment to reducing supply and supporting token value.

• Scheduled Burn for 2024: An additional percentage of the total supply will be burned throughout 2024. The specific timing of this burn will be determined based on optimal market conditions and strategic needs.

Ongoing Buyback and Burn Strategy

• Buyback Allocation: We will continue to allocate a portion of the protocol's net earnings to buy back BOM tokens from the market. However, details regarding the percentage of earnings allocated and the amount of tokens bought back will remain flexible.

• Complete Burn of Acquired Tokens: All tokens acquired through buybacks will be burned, in addition to a planned reduction from the total token supply as specified. This will perpetuate the reduction of available tokens, enhancing scarcity.

• Policy Flexibility: The buyback and burn policy will remain adaptable, with the frequency and specifics of future actions not disclosed to maintain strategic flexibility.

• Transparency in Execution: Although the specifics of buyback events will not be detailed publicly, transparency will be maintained regarding the completion of each burn event and the resulting reduction in total token supply.

• Regulatory Compliance: All actions will adhere to applicable regulations to ensure the integrity and legality of our operations.