During the governance proposal on PancakeSwap to upgrade the
$CAKE token model, and with CZ publicly stating that buybacks and burns may be a more direct way to influence token prices, the long-established BNB chain protocol
@Tranchess has announced that it will buy back 10% of the
$CHESS total market value tokens within the next six months.
Source: Tranchess
10% Total Market Value Tokens
According to the official team’s financial report released on 3/22, as of 2/26 this year, the market value was approximately $21.35M, which means the buyback plan will reduce at least $2M of tokens.
However, when I checked the market value and supply of tokens, I found discrepancies between the information shown on the Binance app and that on CoinMarketCap and CoinGecko. This may require attention for those who are used to checking information through trading platforms?