# $KONO Buyback & Burn Plan

By [Konomi Network](https://paragraph.com/@konomi-network) · 2023-05-03

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### Buyback time:

Every Thursday

### Buyback calculation method:

![](https://storage.googleapis.com/papyrus_images/a0bf8fe1300303b113b19e916c437ff11a6fcc8e43f6ba61964ebbba93c3bd5a.png)

\*\* _Time to take the Δ%_\*\*_:_ 8AM UTC on every Thursday and will take average value from CMC & CGC

(The 7-day average price change of Kono during the T time period can be calculated as follows:

\[(P1 - P7) / P1\] \* 100%

where P1 is the starting price of Kono at the beginning of the T time period, P7 is the ending price at the end of the T time period. The percentage change is positive for an increase in price and negative for a decrease in price.)

### Burn Mechanism:

Base Buyback part 100% burn, additional buyback part 50% burn and 50% reserved for community airdrop and marketing events.

**_The table below will simulate the buyback plan for nine weeks:_**

![(Additional buyback due to last week Δ%)](https://storage.googleapis.com/papyrus_images/93d61352df1b25a8d71be2633b78b7a66d4773d2c16e87dcfb067061f629855e.png)

(Additional buyback due to last week Δ%)

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*Originally published on [Konomi Network](https://paragraph.com/@konomi-network/kono-buyback-burn-plan)*