Back

Limitless Executes Third $50,000 LMTS Token Buyback in Base Ecosystem

Limitless has completed its third LMTS buyback, totaling $150,000 in three weeks, funded solely from trading fee revenues on the secondary market.

Summary

Limitless announced the completion of its third LMTS token buyback worth $50,000, bringing the total repurchased over the past three weeks to $150,000. The buybacks, funded entirely from trading fee revenues, were conducted on the secondary market, reflecting ongoing efforts to manage token supply and support value.

Terms & Concepts
  • Token Buyback: A process where a project repurchases its own tokens from the market, often to reduce supply or support token value.
  • Base Ecosystem: A blockchain network built on Ethereum's layer-2 scaling solution, designed to enable faster and cheaper transactions.
  • Transaction Fees: Charges paid by users to process and validate transactions on a blockchain network.