$SAFEVANO announces August 3 token buyback and burn

The project said the supply reduction will be followed by a live AMA on August 4, when CEO Mr Leofric Rafferty is set to discuss the roadmap and take community questions.

Summary

$SAFEVANO said it will carry out a token buyback and burn on August 3, a supply-reduction step that typically removes tokens from circulation permanently. The project said the move will reduce circulating supply. It also said CEO Mr Leofric Rafferty will host a live AMA (ask-me-anything session) on August 4 to discuss the project roadmap and answer community questions.

Terms & Concepts
  • token buyback and burn: Repurchasing tokens and permanently removing them from circulation.
  • circulating supply: The number of tokens currently available in the market.
  • AMA: Ask-me-anything session with a community or audience.