Helium plans to launch an automatic HNT buyback mechanism
Jinse Finance reported that the decentralized telecommunications infrastructure project Helium posted on Twitter that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, they will repurchase HNT from the market to match the daily burn, instead of using the team treasury, and plan to implement this through an automated process. 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 on the open market and OTC, and increase per-share HNT through network-aligned yield-generating activities.
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