XCT Buyback Proposal #5

[iamvlad]

Summary
Citadel.one Foundation proposes to use part of accrued rewards from DAO Nodes for XCT buyback from Pancakeswap pools.

Background
XCT buy back and burn have proven the effectiveness in the period of highly volatile market conditions. In the past months Foundation has made several buy back and burn transactions (links). We propose to continue using accrued rewards from validator commissions for XCT buybacks.

Motivation
XCT holders and stakers must benefit from community driven node ownership, thus XCT buyback and burn is the best solution and use case at this stage of development.

Specification
At the moment of this proposal Citadel.one is counting 42 nodes in mainnets. All their addresses and balances are public and can be viewed in explorers.
List of addresses:
Akash – akashvaloper1a4zxtnu9k0zpl6p5hmduc5zz7xrm2dz8vm2ey8
AssetMantle – mantlevaloper1y4ycv888ja5ya8qtw8mqe2l0fvt9amlfj9068h
Axelar – axelarvaloper17q4fqv86dxkes384tnmrvjr9ljp2slunr6k00w
Band – bandvaloper10grrhfawl98ypn5x25zmqcp8f20eg9sw56v3e0
Bitsong – bitsongvaloper1knmj6ve4p4e2rl3wpj0rk9dswacr2swn75sc7a
Cerberus – cerberusvaloper16rzknyz8xwcvt5eaw7g0kh0fv2rsa4naeqmugz
Chihuahua – chihuahuavaloper1rgtfvfwx6kpf2vppur8l5g4y2c4acj74xzw6af
Comdex – comdexvaloper1glgnuuckrkcvl90uk0ute8h0y4gdp5u8s0ahnt
Cosmos – cosmosvaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxerarrl
Crescent – crevaloper1fdvy6rl6yz44hagtmah25g4vvxd76gh5t8mu8e
Cyber – bostromvaloper1argjwgcplguenq4l92ggn06wadnfrz0eq6yysn
e-Money – emoneyvaloper19aas63km0rq96dtuuvjkn76nyyj67qre477gt3
Evmos – evmosvaloper1p5k54qk9jdamvw4r756g7dxsjarf6p0l3huk84
Fetch.ai – fetchvaloper169hpfaau6ey8avzr6dk30f2y6j3gv8x5ds9657
The Graph – 0x8d632dfc2454d624910fe982e85a5b15d2ae93c5
G-bridge – gravityvaloper1nyj09trs40txcmemjsqy2l8f0lkga93esgtw02
ICON – hx3aa778e1f00c77d3490e9e625f1f83ed26f90133
Injective – injvaloper1hsxaln75wjs033t3spd8a0gawl4jvxawn6v849
IOST – citadeldao
IRIS – iva12f8cfz4qqtk3qxym94xme5qyqjl3gpw0hv2hs0
Juno – junovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qx4cuznf
Kava – kavavaloper17u9s2fx5htqdsuk78hkfskw9s5g06tzqyl2m8j
KiChain – kivaloper1umjuwrcn0vdx6w7nxaemv9s6ds0w860k5nrfyr
Konstellation – darcvaloper1yu5nqdp8pdtz9q9n6h2wt6h5vsk9qhhsq92xn3
Lum – lumvaloper1vujcasxr8nh77yv20dw4lgdkkrkk7krvss8xhh
Oasis – oasis1qzu358mpd4z5frmrq6vnwq87cqfvdmfxh5ax57cj
Osmosis – osmovaloper1lzhlnpahvznwfv4jmay2tgaha5kmz5qxwmj9we
Persistence – persistencevaloper1tv288tg8fa0a53742949m4swph0x2mfg7jsc22
Regen – regenvaloper15t7cmpmlgzllvs2wv4zly3lhsd0yd02ktppmsm
Rizon – rizonvaloper1t7g0jeqhh46jkpyhfjnwsa2fr35k4zjrp35dzc
Secret – secretvaloper1x76f2c2cuwa4e3lttjgqeqva0725ftmqvgvfnv
StaFi – 33vpeihzksu2HGtYqjNB9aZbrbwfqNsUC4ZAbMMGmKsXtgPo
Stargaze – starsvaloper1qv2tdjma7dcg6jmgawwd0aajjcx89rqca0cqgr
Starname – starvaloper1y0w5qhdf6aj90u7knykdetqus4nc2axgkrt8vn
Sentinel – sentvaloper1wmeez9g4tepgfnt66989tf4j2zzfwckfhgy0gh
Sifchain – sifvaloper1nh90hjeljehpcmuvu3ldw59842kvhgn286nv8k
Stride – stridevaloper1md2j38ls8hg94vjfafu0a2p9htwlkjmhux9e4v
Tezos – tz1fUyqYH7H4pRHN1roWY17giXhy1RvxjgUV
Umee – umeevaloper148lf9ndu40fmy44ku74v65lqp8mwqej9nz0s54
Wanchain – 0xa49a146ddf3c4529fd9bb993e6fed9311588a418

More detailed information about Citadel.one nodes and XCT token can be found here and here.

Forum discussion will be concluded on Oct. 20 and will be submitted on-chain right after.
In case on-chain tx passes if so, buyout and burn events will be happening in multiple batches.
In order to avoid front-running Citadel.one DAO Foundation will not disclose buyout exact time, however Citadel.one will release a report after the process is completed.