Introducing SPELL Launchpool Unlock Buyback Sales

3 min readApr 17, 2024

Fellow SPELL Hodlers,

SPELL is excited to commence it’s lockpool Launchpad sales, a new product where users will be able to acquire new token rewards in return for burning any of the participating network chains pairs.

■Pledge/burn participating asset to earn SPELL, We are pleased to say that we have initiated the first $SPELL burn to Earn (buyback) sales program, In total we have generated approximately $71,401,649.3 in quarterly profits from asset management strategies, and a portion of this profit is dedicated to the launchpad.

■NOTE: THE LAUNCHPOOL UNLOCK BUYBACK sales was initiated Due to the consistent bear market drop, this will help curb price volatily and boost price capitalization.

■SPELL can easily be purchased via the buyback sales using participating network pairs.
■The SPELL sales contract is secured and safe to interact with.
■valued SPELL is delivered in-wallet after complete network confirmation which usually takes about 4-10 minutes.
■Participation can only be initiated twice per node-wallet.

■Please note that to avoid causing sudden price volatility in the buyback promo program, we set up a mechanism to checkmate such issue.

■Participation can only be initiated using participating network contract addresses.

■THE IDEA BEHIND THE BUYBACK PROMO PROGRAM

■When SPELL token is purchased from the lockpool program through the secondary market, SPELL is automatically burnt which permanently reduces the number of SPELL tokens in circulation which achieves a deflationary tokenomics model through the buyback promo program in order to boost liquidity, reduce volatility, and contribute to price appreciation. participants get $SPELL burnt-out yields token bonus reward incentive for participating.