ChainGPT

<blockquote>DAO Proposal #6 has been passed with 100% support. BuyBack and Burn Event shall Commence. Community Burn Event has been halted.</blockquote>In May, the ChainGPT community took a vote over DAO Proposal #3 which suggested to initiate a “Community Burn Event”. Initially, the proposal was well received well by the members and passed with a majority vote.However, after the recent macroeconomic turbulence happening with the crypto industry, it seemed as though $CGPT holders were more reluctant to let go of their tokens in such a manner.Understanding this, a new proposal was submitted to the ChainGPT DAO suggesting a re-hypothecation of the Burn event. The objective was to halt the previously nominated community burn and substitute it with a Team BuyBack and Burn.&#x1f9fe; View <a href="https://dao.chaingpt.org/#/proposal/0xa6c69983938ebf206a87eff2b9f6ffd70f9f20d54abef98ee33c8c70395cc705" rel="noopener noreferrer nofollow">DAO Proposal #6</a> &#x1f9fe; “Proposal To Buy-Back &amp; Burn 200K CGPT | DAO #3 Update Suggestion”Receiving 100% support in favor, the proposal voting concluded on June 15 at 3:17 pm EST / 7:17 pm UTC.<h3 id="x1f4c5-when-will-the-buyback-and-burn-happen">&#x1f4c5; When will the Buyback and Burn happen?</h3>At a random, unannounced time within 7 days of the proposal’s closure.<h3 id="x1f525-how-many-tokens-are-being-burned">&#x1f525; How many Tokens are being Burned?</h3>200,000 $CGPT will be bought back and burnt.<h3 id="what-happens-to-tokens-burned-during-community-event">❓ What happens to Tokens burned during community event?</h3>That which has been burned will remain burned, approximately 6,000 tokens. All participating users of the previous burn event will be returned their total $CGPT contributions in full.Original Source: <a href="https://www.chaingpt.org/blog/200k-cgpt-buyback-and-burn" rel="noopener noreferrer nofollow">https://www.chaingpt.org/blog/200k-cgpt-buyback-and-burn</a>Resources: &#x1f310; <a href="https://www.chaingpt.org/" rel="noopener noreferrer nofollow">Website</a> | &#x1f4e7; <a href="https://www.chaingpt.org/contact-us" rel="noopener noreferrer nofollow">Contact</a>| &#x1f916; <a href="https://www.chaingpt.org/style-guide" rel="noopener noreferrer nofollow">Brand</a> | &#x1f4c3; <a href="https://docs.chaingpt.org/overview/i.-introduction" rel="noopener noreferrer nofollow">Whitepaper</a>Connect with us and Join the community: <a href="https://twitter.com/Chain_GPT" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/chaingpt" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://discord.com/invite/sv2NfqSgVW" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://www.instagram.com/chaingptai/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://www.linkedin.com/company/chaingpt" rel="noopener noreferrer nofollow">LinkedIn</a> | <a href="https://www.youtube.com/&#64;ChainGPT" rel="noopener noreferrer nofollow">Youtube</a> | <a href="https://tiktok.com/chain_gpt" rel="noopener noreferrer nofollow">TikTok</a>

200K $CGPT BuyBack and Burn

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