LGO Group Announcements
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A kind reminder: We will be having AMA on Discord tomorrow at 11 AM EST (NY time) / 3PM UTC. You can join our LGO discord server, https://discord.gg/mkMZfxX
[BREAKING] We've just announced a major update of the $LGO token economics 🚀

Read all about it here: https://t.co/geh4Oxy39b
If you are interested in attending AMA with Hugo Renaudin, it will be happening next Monday, August 3rd, at 11 AM NY time! We will be hosting AMA on Discord. Please join our Discord server - https://discord.gg/mkMZfxX
Hi everyone,

July LGO Burn Update

TLDR; there will be no buyback corresponding to the fees generated before the buyback bot went live mid July, but there will be a burn of part of the tokens that were bought by the bot during the second half of the month.

For the first part of the month, when the buy back bot was not live yet
As discussed we've computed the net fees and buyback metrics for the first half of  july (when the buyback bot was not active). That's from july 1st 00.00am UTC to July 14th 23.59pm UTC.

Volume:  $17,051,071
Gross Fees: $8,526
Net fees:  -$958
To buy back: 0$
As you can see, the net fee amount is unfortunately negative, which means there will be no bulk buyback event for the first part of July.

Now burn figures for the whole month
July 1st 00.00am UTC to July 31st 23.59pm UTC
Volume: $50,198,863.79
Gross Fees: $25,099
Net fees (USD): $6,132
To burn: $1,533

Because all LGOs to burn (and more) were bought by the buyback bot, we need to compute the average cost of 1 LGO token for the month for the bot. This average cost is $0.0337 which means that we'll burn 45,542 LGO tokens this month

A lot of information, please let us know if it's not clear. To ask questions, please join our Discord server!
If you are interested in attending AMA with Hugo Renaudin, it will be happening tomorrow, at 11 AM NY time! We will be hosting AMA on Discord. Please join our Discord server - https://discord.gg/mkMZfxX
We will be hosting AMA this Wednesday, August 26th, at 10 AM EST with Hugo Renaudin and Charles Couillard to discuss Liquidity Rewards program! Please join our Discord server to ask any questions you may have! https://discord.gg/mkMZfxX
Check it out ! And don't forget, the LGO liquidity rewards program starts on August 27th at 10am UTC. You can DM LGO's Community Manager for any questions you may have, @cryptoswithcam https://www.pools.fyi/#/liquidity/0x02cde6be34a59ff01aa532d56956a3c339c26322