Review of the 4th and 5th BuyBack&Burn

3 min readAug 31, 2023

Each quarter, since the first quarter of 2022, we have committed to buy back 56% of our previous quarter’s revenue valued in euros. This repurchase of POWER is done from the priority list of participants in the 2021 ICO pre-sale and then on the market if there are any tokens left to repurchase.

More than half of these tokens are then immediately destroyed (up to 32% of the turnover), the rest being allocated to the Civicpower team and to incubated projects such as Noslois.

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

up to the POWER amount of your purchase during the ICO: +32%,
up to 2 times the POWER amount of your purchase during the ICO: +16%.

4th BuyBack&Burn operation

The introduction of the Spot market on IBEx enabled us to complete our purchases on the latter. As the purchases had been made over several weeks, there was no balance sheet for this penultimate BuyBack&Burn operation. Here are the figures:

During the first quarter of 2023, we bought POWER for €5,000, at a reference value of 0.0924 IBXe per POWER.

How is the buyback of BuyBack&Burn’s 4th operation structured?

8 people took part, generating a total of 12119 POWER, all of which was redeemed via the burnlist. (https://ib.exchange/buyback).

In addition, 41656.03 POWER were bought back directly via the Spot market order book on the IBEx platform.

Of the 12119 tokens purchased via the burnlist :

57.14% or 6925.14 POWER ( 32% of turnover) was lost,
14.29% or 1731.29 POWER ( 8% of turnover) should have been used to pay the team but was also destroyed,
28.57% or 3462.57 POWER ( 16% of turnover) will be used to remunerate the ecosystem.

Of the 41656.03 tokens purchased via the Spot market :

100% of tokens have been destroyed

Out of a total of 53775.03 POWER bought back, 50312.46 POWER were therefore destroyed. The destruction of these tokens can be seen here:
https://bscscan.com/tx/0xa63a08aa7f8c5de1aaed64fff7b55dc426878b719563d3b0bc754af622f4e328

5th BuyBack&Burn operation

For this quarter, we bought back €2,000 (2,000 IBXe) worth of POWER, at a reference value of 0.775 IBXe per POWER (see this Medium article for a reminder of the benefits given to participants in the presale).

How is the buyback of BuyBack&Burn’s 5th operation structured?

14 people took part, generating a total of 15271 POWER, all of which was redeemed via the burnlist. (https://ib.exchange/buyback).

In addition, 6844 POWER were bought back directly via the Spot market order book on the IBEx platform.

Of the 15271 tokens purchased via the burnlist :

50% or 7635.5 POWER ( 32% of turnover) were destroyed,
25% or 3817.75 POWER ( 16% of turnover) should have been used to pay the team but was also destroyed,
25% or 3817.75 POWER ( 16% of turnover) will be used to pay the ecosystem.

Of the 6844 tokens purchased via the Spot :