Cult DAO Breaks Down Recent Increase in CULT Treasury Volume

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London, UK, 12th April, 2022, Chainwire

Cult DAO, a community-driven decentralized autonomous organization, published recent data on its hyper-deflationary CULT token, gaining the necessary traction and volume to overcome an initial stage of anonymity. These math-backed revelations are scattering away any remaining doubts that CULT is a meme coin. On the contrary, it shows the token’s ambition to challenge the most powerful cryptocurrencies in the market hierarchy.

According to Etherscan data, the Cult DAO protocol burned over 1.725 billion CULT tokens in the past two weeks. More precisely, 1,725,774,482 CULT, which equals roughly 25ETH, was burned from March 24 to April 8, 2022. 

The Cult DAO Treasury accrued 81.496 billion CULT tokens during the same period, equaling nearly 130 ETH. It's worth noting that the protocol takes a 0.4% tax from transactions, which it sends automatically to the treasury. In time, these funds should help finance investments in decentralized technologies.

Below is the average amount of tokens the treasury collected:

Furthermore, on April 11, more CULT was taken out of circulation than two days before with twice the volume. This perfectly illustrates the power of $CULT DAO.

But, where do the additional tokens come from?

Currently, the protocol registers 1.9 trillion staked tokens and another 1.567 trillion that were burnt. The project’s increasing popularity has led to a steady surge in treasury volume. Simply put, an increment in activity takes more tokens from the general circulation into the treasury.

Below, you can see the effect this had on the treasury balance. As the tokens move from general circulation to the