# Buyback and burn protocol

We coded the Gundam contract to protect the investors from the highly volatile nature of the digital tokens. We understand the investor sentiment when the market is showing downward growth. Hence, we decided to step in between and stabilize the price. As aforementioned, we will fund our buyback protocol using a strategic buyback fee.

We have coded the contract in a way that the strategic reserves are only utilized for buyback purposes. We will buy back $CHAR tokens from the open market via the liquidity pool hosted on PancakeSwap. Then the tokens are instantly burned, limiting their supply and positively affecting their price. Simultaneously, the new BNB amount is added to the liquidity pool. The buyback and burn protocol will be performed until only 1 Billion $CHAR tokens are left in circulation

Gundam Token has a burn wallet in Binance Smart Chain blockchain. When tokens are sent to the burn wallet, they are taken out of circulation forever, making the circulating tokens more valuable due to an increase in scarcity. Gundam Token is designed to present a deflationary trait by means of its ecosystem dynamics, as opposed to traditional government backed fiat-currencies, it is expected to become more valuable as time goes by due to, among many other reasons, our buyback and burn feature. The schedule of token burns and the number of tokens burned at each transaction is going to be made available to the community as well.
