Rigel Protocol BuyBack & Burn Program

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Rigel Protocol

2 min readFeb 21, 2022

First $RGP BuyBack and Burn soon at Rigel Protocol! Get ready for more benefits to $RGP holders and Liquidity Providers on the way.

Event Date: March 14th, 2022

Long term price stability support and value growth

Price volatility in crypto is usually higher than in traditional markets. Investor confidence is lower, as digital assets are still in its inception. Therefore, to attract new investors, a clear, functional, stable and profitable value proposition that works within the digital ecosystem needs to be implemented.

There are a few benefits from the buyback and burn program:

Support of growth and price stability of the token value.
Increased investors interest as $RGP is backed with clear market actions and not just words.
Buyback and burn results in increased liquidity as demand for trading the asset on exchanges will be higher.
Increased liquidity in turn results in lower price volatility.
Buyback and burn incentivizes long-term growth investors to hold $RGP, which further adds to the price stability of our token.

$RGP Buyback & Burn Program

Rigel Protocol is launching a Buyback & Burn Program for its native token $RGP.

The program will start as follows and it will be based on the token price dynamics.

First Buyback will be of $25,000 of $RGP equivalent at current market prices. ALL bought tokens will be burnt after the purchase.

If the token price reaches $0.5, Rigel Protocol will perform another Buyback of $50,000.

And, in the event the token price reaches $1, Rigel Protocol commits to a Buyback of $100,000, resulting in more advantages and gains for all $RGP holders and investors.

The first BuyBack & Burn event will take place on March 14th, 2022.

Countdown to the BuyBack & Burn event: https://www.tickcounter.com/countdown/3079296/rgp-buyback-burn

Current $RGP Circulating Supply: 1,664,436 $RGP

Grab your $RGP while it’s still cheap!