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.
You may also like
Here’s how Euro stablecoins hit $1B despite weak hype

Prospect of spot ETFs not behind ether’s break above $3,000: Bernstein

Yuga Labs protects NFT royalties ahead of Magic Eden's Ethereum marketplace launch
Crypto Market Surge – Canton Network Lands First in Top Gainers at Close to 40% Gain
