1st $POWER Buyback&Burn

Each quarter, starting in the first quarter of 2022, we have committed to buy back 56% of our turnover of the previous quarter valued in euros. This repurchase of POWER is done on the market, more than half of these tokens are then immediately destroyed (up to 32% of the turnover).

The turnover of the last quarter (Q2021) is 17,857.14 €. Therefore, the amount used for the redemption of POWER tokens was 10000€ or 11,019.15 BUSD.

The prices of POWER tokens were defined as follows:

  • POWER MAIN: $1.41, it was based on the market price at time T (PancakeSwap).

Still in accordance with the promise of the whitepaper, the final redemption price of the tokens is increased according to the following calculation method:

  • up to the POWER amount of your purchase during the ICO: +32%,

For this quarter, all tokens were redeemed at +32% (see this Medium article for a reminder of the benefits given to presale participants).

How is the buyback structured?

With the 56% of the turnover, we bought 26,645 POWER :

  • 25,860 POWER-ICO (out of 33,510 offered for buyback),

Of these 26645 tokens :

  • 28.57% (i.e. 16% of the turnover) will be used to pay the team: 7,388.57 POWER-ICO and 224.29 POWER-MAIN

The destruction of POWER tokens can be seen here:
https://bscscan.com/tx/0xeda66ade6aa0680df1ca50c375016df81a963e3008baf75a07ff608d28e5015a

Total supply now goes from 50,000,000 POWER to 49,984,774.285714 POWER

To learn more about the Buyback&Burn process, please read the Whitepaper and our dedicated tutorial.

Votelab SAS is a company with a mission within the meaning of Decree №2020–1 of January 2, 2020 introduced by the PACTE Act of 2019. The company is independent, 100% owned by its founders and self-financed.

Civicpower is an association under the 1901 law. It controls access to the private key of the blockchain, the gits of the code, the governance of ChainR OÜ which holds the POWER treasure, owns the Civicpower and CryptoPolitics brand as well as the users database.

Civicpower ecosystem links:

🗳️ Civicpower

📱 Our webapp: https://app.civicpower.io

🌐 Website : https://civicpower.vote

☢️ Beta test group: https://t.me/powerbeta

💡 Idea box: https://civicpower.io/idea-box/

Telegram: https://t.me/civicpowerio

Twitter: https://twitter.com/civicpowerio

Mediums

Partner integrator France: https://votelab.io

💰 $POWER

Main website: https://civicpower.io

Medium

The burnlist: https://burnlist.civicpower.io/burnlist/

🦄 Announcements: https://t.me/powerAnnouncements

Social networks:

Telegram

📈 OTCivic

Main site: https://otc.civicpower.io

Offer board: https://burnlist.civicpower.io

Telegram :

Help: https://civicpower.zendesk.com/hc/en-us/articles/4408478051217-Guide-de-la-plateforme-OTCivic

🎁 The famous 100k challenge:

🇫🇷 https://civicpower.io/civicid/

🇬🇧/🇺🇸 https://civicpower.io/civicid_fr/

https://t.me/power100k

₿ The Civicpower Blockchain: https://t.me/civicpowerblockchain

🏆 Polls (Presidential 2022): https://sondages.civicpower.vote

🤫 Cryptopolitics: secret project

https://cryptopolitics.art

https://t.me/Oxcryptopolitics

https://discord.gg/PHuUA4xgqG

https://twitter.com/0xcryptopolitic

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The alliance of POWER and TRUST in your hands ! POWER is the utility token of Civicpower, an application that gives back power to people via digital voting.

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POWER

The alliance of POWER and TRUST in your hands ! POWER is the utility token of Civicpower, an application that gives back power to people via digital voting.