🔥Buyback and Burn
The rocket engine connected to the FH token
Fullhouse will allocate 15% of non-FH net gaming revenue (NGR) and 30% of FH NGR to buying back Fullhouse tokens from the open market, subsequently burning purchased tokens. This is an update from our original 15% of theoretical revenue dedicated the buyback and burn program. FH will be bought back on the open market on a fixed interval basis, once a week. This creates a feedback loop where FH is directly supported by the health of the core Fullhouse platform. As Fullhouse grows, so will the buyback and burn, creating new demand for the FH token on secondary markets and increasing on-chain volume.
This buyback and burn will factor in all revenue from both the casino and the sportsbook on Fulhouse and executed in the deepest liquidity FH pool.
The FH Buyback and Burn program will commence in the first week of FH's launch, with details around which pool and methodology of buying being released after the TGE.
All FH bought through the Buyback and Burn will be through the Fullhouse ETH address and sent to this burn address:
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Users will be able to track all Buyback and Burns from both the FH Token Dashboard and the Block Explorer. Additionally, users who follow our official communication channels will be able to see all future of buyback announcements.
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