.@defidave explains how $UFG is building a new model for token backing on Robinhood Chain. @UFGDeFi Immutable Treasury redirects trading fees into an ETH-backed treasury that token holders can redeem their share of by burning tokens. As the treasury grows and supply gets burned, the backing per remaining token increases. With 87–88 ETH already in its treasury, UFG aims to bring this model to more tokens through integrations like @adeepabyss
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$UFGStamped with the block it was said at, and the coin's price right then. It can't be moved later. at block100,463,116market cap then$1.66Mnow−28%best1.00×1h−0.1%24h−21.8%- price read from Uniswap v4 pool 0x1c508008…d7de at block 100463116
- ETH priced in USDG at Uniswap v3 pool 0x52e65b…71ca
- 330,159 UFG at burn addresses not counted in supply