BunnyPark Token (BP) Joint Repurchase Program
2 min readSep 15, 2021
1. Repurchase Fund Repurchase Program
▪️ BunnyPark’s current accumulated repurchase fund: 10534 BNB
▪️ Depository address of the repurchase fund: 0x531A3573b176aBabFb98533bFEe0480D39d94385
▪️ The repurchase fund will be officially put to use from 17th September, GMT.
▪️ The repurchase plans are as follow:
- The repurchase fund will be fully utilized within 4 weeks;
- Take the price of BP to USDT at 00:00 on 17th September, GMT as the initial pricing of the repurchase plan P¹;
- At 23:00 GMT every Friday, BP price on DEX will be used as the closing price of the week P²;
- The minimum goal of the repurchase is to increase BP price against USDT by 10% per week. And the increase is calculated based on P²;
- When the minimum target is reached, the repurchase will cease for the week. Otherwise, the repurchase will continue until the minimum target is reached or when all repurchase funds are exhausted;
- All of the repurchased BP will be burned;
- The repurchase will occur at random timing, and repurchase destruction details of the week will be announced via official announcements and Twitter after 23:00 GMT every Friday.
2. Repurchase Program of Team’s Funds
▪️ From 1st October GMT, team will use their own funds to carry out BP repurchase in the secondary market.
▪ The plans are as follow:
- BP repurchase on secondary market will be carried out weekly at random timing, with the repurchase value between 500,000 and 1 million USDT (no lesser than 500,000 USDT);
- All of the repurchased BP will be burned;
- The repurchase will occur at random timing, and repurchase destruction details of the week will be announced via official announcements and Twitter after 23:00 GMT every Friday;
- There is no time limit on team’s repurchase plan. When there are no more announcements, the above methods will continue to be used for the repurchase.