Helium to Buy Back HNT Tokens Linked to Mobile Revenue Burns

Helium shifts from treasury-funded burns to daily market repurchases of HNT and unveils plans for a Digital Asset Treasury aimed at enhancing HNT value.

HNT

Summary

Helium has announced it will replace its previous treasury-funded HNT burns with daily equal-amount buybacks from the market, aligned with Helium Mobile's revenue burns. The buybacks will use an automated DCA mechanism, and the initiative will not affect other market purchases. Helium also plans to launch a Digital Asset Treasury (DAT) to generate yield and acquire HNT through network-aligned activities.

Terms & Concepts
  • HNT: The native cryptocurrency of the Helium network, used for paying transaction fees, rewarding participants, and network governance.
  • Revenue Burn: A process where tokens are permanently removed from circulation, in this case using Helium Mobile revenue to burn HNT.
  • Automated Market Maker (AMM): A type of decentralized exchange protocol that uses liquidity pools and algorithms to facilitate automated token trading without intermediaries.