Wyvern
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Proof of Burns
All of the Proof of Burn Information can be verified on the Blockchain
Recently, Wyvern has adopted buyback & burn as a deflationary mechanism to increase Wyvern tokens' long-term value. The portion of the platform's revenue used for buyback & burn are:
1. DeFi Earnings System - 90% of all DeFi Earnings are used for buyback & burn of Wyvern tokens.
2. DEX Transaction Fees - Coming Soon
Below is a record of every burn transaction we have initiated since launch aswell as the purpose and impact:

Total WYVERN Burned: 463,938,021,783,315

Basic Burns | Supply Reduction

The following chart will provide you information on burns that were performed solely to reduce the supply of Wyvern and increase scarcity.
​Blockchain Proof of Burns | Link to BSC Scan
Burn #
Date
WYVERN Amount
1
May 21st, 2021
1,000,000,000,000
2
May 24th, 2021
1,000,000,000,000
3
May 25th, 2021
116,404,857
4
May 25th, 2021
8,446,733
5
May 28th, 2021
1,996,300,598,687
6
May 31st, 2021
10,800,884
7
May 31st, 2021
3,561,625,106
8
June 2nd, 2021
998,996,345,910
9
June 4th, 2021
1,000,000,000,000
10
June 6th, 2021
293,995,438,374,893
11
June 6th, 2021
98,999,999,999,000
12
June 6th, 2021
9,000,000,000,000
13
June 6th, 2021
9,000,000,000,000
14
June 6th, 2021
9,000,000,000,000
15
June 8th, 2021
1,000
16
June 9th, 2021
5,499,366,491,575
17
June 10th, 2021
27,900,000,516,234
18
June 10th, 2021
94,443,061,082
19
June 18th, 2021
1,000
20
July 30th, 2021
1,898

Burn Lottery Event

The following chart will provide you information on our Lottery Burn Events. When sending 10,000 Wyvern to the burn address you automatically qualify for the Burn Lottery, the winner receives 100% of the burned funds resulted from the Burn Lottery for that week.
​Blockchain Proof of Burns | Link to BSC Scan
Burn Event #
Date
Wyvern Amount
1
June 27th to July 2nd, 2021
479,700
2
July 2nd to July 9th, 2021
189,000
3
August 16th to August 20th, 2021
90,000

Buy Back Burns

Wyvern now has a newly integrated DeFi Management System built by a Marketing Account surplus. This system will be used to buy Wyvern then immediately burn the bought Wyvern thus creating a permanent buy effect and increasing the floor value of the asset at a faster pace.
​Blockchain Proof of Burns | Link to BSC Scan Proof of Buy Transactions | Link to Announcement Group
Burn #
Date
Wyvern Amount
Price Increase Impact (on Burn Date)
1
August 1st, 2021
325,049
0.04%
2
August 1st, 2021
562,787
0.07%
3
August 1st, 2021
588,736
0.08%
4
August 4th, 2021
562,755
0.07%
5
August 8th, 2021
492,285
0.06%
6
August 9th, 2021
1,034,284
0.13%
7
August 10th, 2021
514,040
0.07%
8
August 11th, 2021
533,958
0.07%
9
August 15th, 2021
562,500
0.07%
10
August 18th, 2021
689,319
0.08%
11
August 18th, 2021
1,201,595
0.14%
12
August 21st, 2021
1,342,915
0.15%
13
September 5th, 2021
1,255,399
0.22%
Buy Back Burns permanently increases the price of an asset that has a fixed supply like Wyvern
Last modified 1mo ago