The $OORT buyback and burn for Q1 2025 is now complete!
As part of our commitment to long-term growth and value creation, we allocate up to 30% of our revenue for repurchasing $OORT tokens on the open market. These tokens are then permanently removed from circulation by sending them to a blackhole address. This approach is designed to benefit our token holders and enhance the overall health of the token ecosystem.
This time the OORT Foundation has burned a total of 1.3 million $OORT tokens, representing approximately 0.07% of the total 2 billion token supply and about 0.33% of the current circulating supply.
All buybacks were conducted through Gate.io.
In 2024, the OORT Foundation successfully completed four rounds of token burns, totaling 9.076 million $OORT.
To date, a cumulative 10.376 million $OORT tokens have been burned — representing approximately 0.52% of the total 2 billion supply and 2.66% of the current circulating supply.
With an additional 800M $OORT locked for future burns, the max supply will drop from 2B to under 1.2B — reinforcing our deflationary model.
As we move into 2025, the OORT Foundation remains firmly committed to its token buyback and burn strategy — a key pillar of our long-term vision. Our ongoing efforts aim to enhance the sustainability, value, and utility of the $OORT ecosystem for all participants.
We will continue to take thoughtful, strategic actions that drive long-term growth and reinforce our dedication to the community.
Stay tuned for more updates as we build a stronger future for $OORT.
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1.3 million of $OORT buyback and burn for Q1 2025 is now complete! To date, a cumulative 10.376 million $OORT tokens have been burned, representing approximately 0.52% of the total 2 billion supply and 2.66% of the current circulating supply.
We've completed a full investigation into the abnormal activity in DataHub's rewards distribution. In this report, we share the root cause, actions taken, and steps we're implementing to improve security and fairness. Transparency and trust remain our top priorities — thank you for standing with us.
