MyShell: 8 million USDT will be used for the SHELL buyback plan, which will be executed within 90 days

News on March 18, MyShell released more details about the SHELL token buyback plan. A total of 8 million USDT generated from SHELL transactions (buying and selling) has been frozen in the Binance account of market makers; these assets will all be used for the SHELL buyback plan, which will be executed within 90 days. The buyback operation will provide stable support for the token value and instill confidence in investors; to ensure complete transparency, all repurchased SHELL tokens will be transferred into a blockchain wallet starting with 0x8d67 after each buyback transaction. Previously on March 10, MyShell stated that it had terminated its cooperation with non-compliant market makers and introduced new partners, planning to carry out a SHELL buyback.