Pen-X Documentation

Buyback-and-Burn Scheme

Every week 10% of all Pen-X DAO maintenance fees will be used to buy back and burn PENX Governance Tokens.
As more people invest in the Pen-X fund, the DAO's revenue will increase, meaning more PENX Governance Tokens will be bought back and burned. This redistributes DAO revenue to our customers and, by reducing token supply, increases the value of PENX Governance Tokens.