Announcement on Repurchasing and Destruction of ONE in the 1st Quarter of 2022

Dear BigONE users,

According to "Announcement on BigONE Repurchases and Destroys ONE"， BigONE has settled the profit of the ONE Ecosystem for the first quarter of 2022 on 25 April 2022.

As of 25 April 2022, we have repurchased 33,525,659 ONE in total from the second-tier market and burned them. 

For ONE Burning record, please refer to the link below：

https://etherscan.io/tx/0x280beef533a42dffc84b44ca8f655207968bb9c3876b7b457c13c3ef3ee3c379

From now on, we will still settle the projects' profit on ONE Ecosystem, and the profits will be used to repurchase and destroy ONE.

More details about ONE repurchasing and destruction, we summarized for you as follows:

A. Total Issuance 

After this round of burning, we have accumulated burned 7,978,928,122.608 ONE, the current total supply of ONE is: 12,021,071,877.392. Compared with the initial 20 billion total supply, 39.89% of the deflation has been destroyed.

B.  Historical Burning Record

1. 「Community Voting Lists」Burnt：

• The 1st round of "community voting lists" burned 49.71 million ONE
• The 2nd round of "community voting lists" burned 16.2 million ONE
• The 3rd round of "community voting lists" burned 8.6 million ONE

2. 「Repurchase with 100x Price Plan」And Burnt：

• The 1st round of "contribution" redeem pool burned 1 million ONE
• The 2nd round of "contribution" redeem pool burned 1 million ONE
• The 3rd round of "contribution" redeem pool burned 1 million ONE
• The 4th round of "contribution" redeem pool burned 1 million ONE
• The 5th round of "contribution" redeem pool burned 1 million ONE
• The 6th & 7th rounds of "contribution" redeem pool burned 2 million ONE + additional 1 million ONE 
• The 8th round of "contribution" redeem pool burned 1 million ONE
• The 9th round of "contribution" redeem pool burned 1 million ONE
• The 10th round of "contribution" redeem pool burned 1 million ONE
• The 11th round of "contribution" redeem pool burned 49,100  ONE
• The 12th round of "contribution" redeem pool burned 48,632  ONE
• The 13th round of "contribution" redeem pool burned 48,202  ONE
• 7/13/2020「contribution」redeem pool burned 43,883,408   ONE
• The 14th round of "contribution" redeem pool burned 35,672  ONE
• The 15th round of "contribution" redeem pool burned 32,130  ONE
• The 16th round of "contribution" redeem pool burned 43,177  ONE
• The 17th round of "contribution" redeem pool burned 35,458  ONE
• The 18th round of "contribution" redeem pool burned 29,489  ONE
• The 19th round of "contribution" redeem pool burned 29,560  ONE

• BigONE has burned the latest two rounds of「Contribution Points」

3. Early Burnt：

• 7/3/2018, burned 1.1245 billion ONE
• 12/19/2018, burned 5.3669 billion ONE

4. Quarter Profits Repurchase and Burning：

• 1st time：7/25/2019, quarter profits repurchased and burned 34,925,813 ONE
• 2nd time：10/17/2019, quarter profits repurchased and burned 32,006,679 ONE
• 3rd time：1/19/2020, quarter profits repurchased and burned 41,401,274 ONE
• 4th time：4/11/2020, quarter profits repurchased and burned  66,086,429 ONE
• 5th time：7/23/2020, quarter profits repurchased and burned 106,578,980 ONE
• 6th time：10/23/2020, quarter profits repurchased and burned 190,213,903 ONE
• 7th time：1/31/2021, quarter profits repurchased and burned 196,002,053 ONE 
• 8th time：4/21/2021, quarter profits repurchased and burned 108,265,654 ONE
• 9th time：7/27/2021, quarter profits repurchased and burned 235,462,112 ONE
• 10th time: 10/26/2021, quarter profits repurchased and burned 209,060,779 ONE
• 11th time: 1/25/2022, quarter profits repurchased and burned 81,992,941 ONE
• 12th time: 4/25/2022, quarter profits repurchased and burned 33,525,659 ONE

5. ONE Eco Funds Repurchase And Burning：

• 8/12/2019 repurchased and burned 15 million ONE 

6.「ONE Haemony-Old Pal Premium」Repurchase And Burning：

• 9/20, burned 3,232,698.99 ONE
• 10/8, burned 1,735,434.089 ONE
• 10/30, burned 1,186,823.529 ONE
• 11/19, burned 984,513 ONE

C. Burning Scenarios

• "Community Voting Listing" Burning: burning ONE generated from users who used to vote for the projects listed on BigONE of each round of「community voting to list」.
• 「Repurchase with 100x Price Plan」and Burning: burning ONE generated from users' redemption in the redeem pool of each round.
• Quarter Profits Repurchase And Burning: burning ONE generated from purchasing with a part of eco profits of which were purchased by ONE.
• ONE Eco Funds Repurchase And Burning: burning those ONE repurchased to build ONE ecosystem

With the development of the ONE ecosystem, there will be more burning scenarios in the future, so stay tuned.

Adhering to the concept of "reshaping the spirit of the blockchain and cooperating with users for a win-win situation", we will continue to provide users with a faster and smoother transaction experience, richer and diverse business scenarios, and more detailed and comprehensive security guarantees. BigONE is willing to work hand in hand with users to achieve the realization of the value of the blockchain and the return of the value of ONE!

BigONE, more than just asset security.

Regards,
BigONE Team
25 April 2022