Openledger Foundation to Buy Back 5 Million OPEN Tokens

Openledger Foundation is funding a buyback of 5 million OPEN tokens entirely through its corporate revenues, continuing its 4.5% buyback ratio strategy.

Summary

Openledger Foundation has announced the next phase of its OPEN buyback program, repurchasing 5 million OPEN tokens funded by its corporate revenues. This move follows the foundation's ongoing strategy to reduce circulating supply and maintain a 4.5% total buyback ratio.

Terms & Concepts
  • Token Buyback: A process where a cryptocurrency project repurchases its own tokens from the market, often to reduce supply or support price stability.
  • OPEN Token: The native cryptocurrency of Openledger Foundation, used within its ecosystem for transactions and governance.