LocalCoinSwap will use 20% of the trade fees collected to buyback LCS on the open market. These LCS will be subsequently burned.
This buyback will initially occur quarterly, with the aim to have it occur more often in the future.
The dates for the upcoming buybacks are:
- December 20, 2019
- March 20, 2020
- June 20, 2020
- September 20, 2020
- December 20, 2020