Helium plans to launch an automatic HNT repurchase mechanism
the decentralized telecommunications infrastructure project Helium announced that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, it will repurchase HNT from the market to match the daily burn, rather than using the team's treasury, and plans to execute this through automated processes. This mechanism does not affect ongoing temporary purchase activities on CEX, AMM, through market makers, and direct OTC.
In addition, over the past month, Helium has been exploring the launch of a digital asset treasury business. This business will acquire HNT in the public market and OTC, and increase earnings per HNT through network-aligned revenue generating activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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