$SKY Sky Spends $1.9 Million On Token Buyback, Total Value Exceeds $94 Million
On 22/12, Sky continues its aggressive deflationary strategy through token Buybacks.
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๐ธ The project spent $1.9 million last week. Successfully bought back 32.3 million SKY tokens.
๐ธ Since the program inception, Sky has spent a total of over $94 million buying back its own tokens.
๐ธ This is a massive figure for a DeFi project, indicating that the protocol Real Yield is strong enough to sustain price support and reduce inflation.
๐ธ In the cryptocurrency world, a project using its own capital to purchase tokens is a practical action to protect the rights of token holders.
Between two profit sharing mechanisms Buyback and Burn and Staking rewards in tokens, which one do you prefer?
News is for reference, not investment advice. Please read carefully before making a decision
