ZEROBASE Buys Back 26.3 Million ZBT for Institutional Staking Rewards

ZEROBASE confirms 2.63% supply buyback for airdrops to community, KOLs, and boosters on November 17, with tokens held long-term post-unlock in the team wallet.

175d ago

Summary

In an official statement, ZEROBASE announced the completion of a buyback of 26.3 million ZBT tokens, representing 2.63% of its total supply. The tokens will be used for staking reward airdrops scheduled on November 17, targeting community members, key opinion leaders (KOLs), and boosters. After unlocking, the purchased tokens will be stored long-term in the team wallet.

Terms & Concepts

Buyback: A process where a company or project repurchases its own tokens from the market, often to manage supply or support price stability.
Token Unlock: The release of tokens that were previously locked, making them available for transfer or trade, often based on a preset schedule.
Airdrop: A distribution of cryptocurrency tokens to multiple wallet addresses, typically as part of a promotional or reward campaign.