XList Buyback & Burn Auction
The XList Buyback & Burn Auction (XBBA) is held after each monthly XList Vote. The next XBBA will take place between 12pm GMT 6th April 2023 and 12pm GMT 8th April 2023, using 25% of the Voter fees collected from the April XList Vote.
The XBBA operates as a reverse Dutch auction, where XList sets a maximum price at which it is willing to purchase XList tokens from potential sellers. Interested sellers can submit their bids using the XBBA Form which will be available from 12pm GMT 6th April 2023 and 12pm GMT 8th April 2023.
Once the auction period is complete, XList will review all bids and contact successful sellers via Discord or Telegram to arrange the buyback. Sellers must respond by 12pm GMT 9th April 2023 otherwise their bid will not be accepted. All tokens purchased from sellers will be burned. Any XRP left over from the XBBA will be used to market buy XList from the XRPL DEX. To participate in the auction, holders must send their XList tokens to the XList BHE wallet before receiving payment in XRP. Details will be provided.
XBBA (6th to 10th March 2023)
Value of XList bought back: 962.5 XRP
XList bought back through Auction: 41,010
XList bought back through market buy on DEX: 131,511
Total XList bought back: 172,521
Burn TX ID:
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