BitBook Buy Back & Burn Report #2.1 Updated to Include Trip Leverage

Date: January 19, 2022

A big thank you to Trip Leverage as they complete their first BBT burn from the transaction tax dedicated to BBT. Trip Leverage has bought back and burned 1,723,071 BBT from the market.

This brings the current total of burned BBT to 4,247,291 or 45% of all the inflation already minted, and travel has not even come close to the bounce-back that is anticipated.

BitBook incubated TripLeverage in August 2021 and we wish them well on their journey, to learn more about the business travel platform, check out this short video.

Date: January 17, 2022

BitBook Token Contract Address:

0xd48474e7444727bf500a32d5abe01943f3a59a64

The second BitBook BBT Burn happened on the 17th of January 2022 at 04:41:33 PM +UTC.

We are thrilled to announce that the second BBT burn is now complete! More than 1.8 million BBT were burned from the revenue generated from bookings since September. Not to bad for a website undergoing beta testing! Some of you already know we got a jump start on our roadmap with the first BBT burn back in September 2020, when we burned over half a million BBT.

The inflation hardcoded into the smart contract began 69 days ago and has since generated 7.5 million BBT tokens. Since we got a head start on bookings we have already burned more than the first months of inflation! Even with travel restrictions still prevalent worldwide, and travel slowly limping back to life. BitBook is keeping pace despite the horrendous market conditions.

This bodes extremely well for when travel does indeed rebound like we all know it will. In preparation, the development team has been working hard on Create & Earn the creator-driven part of the platform set to disrupt the travel industry. Content creators will be able to generate income by publishing travel content on the upcoming social media platform for travelers.

For three ways to earn passive income with BitBook check out this video from the CEO.

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