Our inaugural Cleo Token Burn

We are thrilled to share exciting news from the forefront of blockchain innovation! Cleo, a trailblazer in the realm of real-world assets (RWA) technology, has just completed its inaugural token burn, setting a powerful precedent for the future of our token economy. As part of our commitment to creating lasting value for our token holders and users, we have successfully eliminated 4,000,000 Cleo tokens from circulation, representing over $135,000 in current market value.

This significant milestone is not just a number — it's a testament to our robust business performance and our dedication to enhancing the value of each Cleo token. By tying token burns to our company’s financial health, we ensure that our success directly benefits those who invest and believe in our vision. For Q4 and Q1, we rounded up the figures to the nearest nice round number, accelerating our impact and setting a high standard for future burns.

We performed the burn in two transactions a test 1 Cleo, followed by 3,999,999.

Why Burn Tokens?

Token burning is a strategy where a portion of a token supply is permanently removed from circulation, which can reduce supply and potentially increase the token's value, assuming demand remains constant or grows. At Cleo, we allocate 5% of our gross company revenues to purchase and burn Cleo tokens. This disciplined approach ensures that our growth translates into tangible benefits for our token holders.

What Does This Mean for You?

For current and prospective token holders, this burn is more than just an adjustment of numbers. It's a clear signal of Cleo’s growth and financial health, and a step towards greater scarcity of Cleo tokens. As supply decreases, the potential for increased token value grows, making Cleo an even more attractive asset.

Looking Ahead: Exciting Times for Cleo

The journey doesn’t stop here! With projections to burn over 15 million more tokens in the next three quarters of 2024, we are on an exciting trajectory. The upcoming launches of our Sports for Good and Schools for Good programmes in Q3, which are expected to generate higher revenues than our current Marketing for Good initiatives, signify that we are scaling up our burning strategy to new heights. These burns are set to dramatically increase in 2025, in line with our expanding programs and revenue streams.

Join Us on This Revolutionary Path

As Cleo continues to grow, our token economy will keep evolving, presenting new opportunities for those who join us on this revolutionary path. The impact of our token burn extends beyond immediate financial metrics—it is a core part of our strategy to deliver sustainable, long-term value and to support a range of impactful projects worldwide.

Stay tuned for more updates as we continue to innovate and lead in the integration of blockchain technology with real-world good. Together, we are not just investing in tokens—we are investing in a brighter, more sustainable future.

You can purchase Cleo on either a DEX or CEX here - https://www.cleo.xyz/buy-cleo

Learn more about Cleo on this site or at https://bento.me/cleoxyz

Thank you for being a part of this exciting journey with Cleo!