A token buyback and burn mechanism is a strategy where a crypto project purchases tokens from participants, pays them in stablecoins, and permanently destroys (burns) the purchased tokens, thereby reducing the circulating supply and potentially increasing the token's market value. This mechanism is commonly used in Web3 projects to stabilize token prices and prevent community dumping. To participate in such programs, users typically need to complete network expansion tasks, activate nodes through social engagement, join trust circles for security, and submit a self-custodial Web3 wallet address for payouts.
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Unich FC Withdrawal Is LIVE?! How to Withdraw Unich to Phantom Wallet (Full Guide)
Added:Let me walk you through on how to participate on the Unishare Talk buyback and burn FC program that's currently ongoing. The essence of this buyback is to increase the price of the [music] SFC token.
You know, when they are buying back the FC that you've mined and they are they are buying back and giving you stable coin in return, then they burn the FC that you mined. By so doing, the price of the [music] FC will increase and the circulating supply will decrease. That's a very unique a very um uh unique strategy most crypto and web 3 >> [music] >> projects use to stabilize their projects.
Instead of allowing the community to dump anyhow, they buy it back from you, burn the um token increase to increase the price of the token and also reduce the circulating supply of the token. So, that's the essence of buyback. So, you can see the coin price of the FC token, which is $1.93.
For you to participate in this buyback, there are also other new features updates you need to check out first to be able to um be eligible on this um buyback. The buyback happens every week with um you know a new cycle. Then every every week a new cycle happens. So, I'm going to explain that.
So, before um the buyback, it you need to participate in this network expansion.
This network expansion simply means that remember I mentioned that this um Unishare network, the the coin's mining app is a social web 3 app.
For you to be able to see this buyback option on your app, you need to update your app. Go to Play Store or App Store and update your app to the current version. After updating your app and you still you are not seeing the buyback option, restart your phone and you will see the buyback option. That's a little technical glitch and it will fix by just restarting your phone. So for the network expansion, it's just for you to share, click on this expand network and just share your link. That's the essence of the network expansion.
You click on expand network and share the link. That's it. For the node activation, you you can earn up to 28% increase on your current mining rate if you participate in this node expansion.
The node expansion means you completing all of these social tasks, activation step, create a profile, find first find nodes, find most mutual interest and first peer meets and all of that.
So on this social web3 app, you can actually even meet people.
So if you have been seeing people's profile, that's why they they are asking you to add your profile picture.
So it's just like a social app, but in the crypto/web3 space. It's not like the web2 social app. So that's the difference. So if you want to earn up to 28% of the increase [music] on on your current mining rate, then you should consider participating on in this node activation. So this one is trust circle, the exact same thing that we've been doing on Interlinks, adding people to our security group is what this trust circle entails. For this trust circle, you have to add you have to add a code for you to increase your your mining reward. So if I click on this join trust circle, I will enter um someone's code here, and I'll click on join. So, I'll be dropping the codes for you to join this trust circle in the description box of this video, and also in the pin post in the comment section.
So, that's it. So, that's for the trust circle. Same thing that we've been doing on Interlink, the same thing that we are is what this trust circle entails. So, if you're participating on the revenue buyback on FC bond, you click on it, and you can see expand network because I have not added anyone's code to that box. That is why this expand network is not adding up. You can add up to five persons on your trust circle.
Just like Interlink network, where we had five security five persons in our security group. So, you can see this one too is zero over five because I have not added You can see I was only one on the security group currently.
You are seeing one over five. That's only me. I've not even gotten the five.
I'm just explaining this video so you can You all can join, and you can add Other people can also add you. So, you can add five persons here on your security network to expand your network. And after that has been completed, it'll tick. It'll be checked that you've completed it. Then, for the payout wallet, you submit your Solano wallet from Web3 Web3 wallet, not crypto exchange wallet. Web3 wallet, either your Phantom wallet or your Solano wallet. So, copy the Solano wallet address, and paste it here to set up your payments so that when you get confirmed for payments for the buyback, then they will be able to send your um stable coin is on Solana network, so your um your submitted wallet. You see add your payment wallet address. Add the Solana wallet where future revenue payout should be sent. So, you copy the Solana wallet and paste it here and you click on I confirm that this is a self-custodial wallet, not an exchange wallet. Self-custodial wallet is a web 3 wallet, either Phantom wallet or Solflare wallet. That is what you are adding here, not an exchange wallet. It is written here. So, you click on I confirm and you click on submit and you click on save payment wallet. That's That's how to add your wallet address.
So, you need to complete this network circle before you will be able to participate in this um buyback. You can see every week this coin's week on is ending in 5 days. So, at the end of this 5 days another week will begin for another circle. You can see 25 slots. This is the buyback pool they are doing.
Um and they have 25 slots left for this week. So, you see July 10th to July 17th. So, the next circle will begin 17 to another 7 days and it goes on and on on and on like that. So, if you are interested in the buyback, then you complete this um network circle. Make sure you have up to 50 FC on your available balance that you've mined so far. And as as a matter of fact, if you've been mining this for over 2 years, then you should have more than 50 FC on your on your available balance because this project has taken like over 2 years.
They keep on building. So, that's it.
So, that's how you can buyback on this um Unish network to participate. You see the next circle starts on Friday, July 17th, 3:00 p.m.
You can see. So, the time frame everything is transparent and everything is on chain.
It's waiting here already.
They open with They open it every week.
So, at the end of every week, if you are not selected as for the buyback, you see 25 slots. If you are not selected for that week, you can re-enter in the subsequent week or subsequent weeks.
So, until you are selected, if you want to um if you want them to buy back your FC tokens, you have to keep um entering the What is it called?
The buyback so that you can get selected. You can see they have slots.
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