Swapp Token (SWAPPUSD)

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Burning SWAPP Tokens
Programmatic supply reduction
During first 18 months: 100% of interest earned by Swapp platform's secondary market USDC position shall be burned.

Example: $20M exists in USDC (Swapp stable-coin pool) earning 7.00% APY in the Swapp secondary market fund staked with Compound earning $116,996 per month. That entire amount of $116,996 would auto-purchase SWAPP tokens from the open market, then send them to a known burn address. This function resembles a traditional "stock buy back" designed to foster reduced supply, higher token price, and re-allocated into the protocol. $SWAPP