# $KONO Buyback & Burn Plan

**Published by:** [Konomi Network](https://paragraph.com/@konomi-network/)
**Published on:** 2023-05-03
**URL:** https://paragraph.com/@konomi-network/kono-buyback-burn-plan

## Content

Buyback time: Every Thursday Buyback calculation method: ** 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%) Subscribe

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