기사검색

광고

CBNK (CBANK Foundation) plans to buy back and burn 50% of TMTG/LBXC tokens

가 -가 +

강승환 기자
기사입력 2021/02/19 [09:29]

 

CBNK Ltd., a cryptocurrency specialist, has announced a mid- to long-term plan for the buyback and burn of gold-based cryptocurrency TMTG (The Midas Touch Gold) and biohealth platform token LBXC (Lux Bio).

 

CBNK plans to buy back and burn 5 billion units of TMTG and LBXC each by the end of 2025. This amount corresponds to 50% of each of the 10 billion tokens, the initial issuance of the two tokens, and embodies the foundation's strong will to restore market price stabilization by buying back and burning large-scale market circulation. In the case of TMTG, since last year, a quantity of 760 million was burned through 20 different burns, only nearly 40% of the quantity is expected to be distributed on the market.

 

A CBNK official said, “In addition to this buyback and burn plan, we are preparing a variety of projects to protect investors' assets and stabilize the ecosystem.” It is expected to expand liquidity using these coins, and launch various DeFi products in addition to simple remittance and payment based on the coins. We will continue to do our best to stabilize the price and increase the value of LBXC and TMTG.”

 

If CBNK's plans to buy back and burn are fulfilled, the final distribution volume is expected to be 4.1 billion for TMTG and 4.7 billion for LBXC based on Etherscan. More details can be confirmed through Ether Scan at the time of burn in the future.

 

트위터 페이스북 카카오톡 카카오스토리 band naver URL복사

뉴스레터 구독하기

세상을 바꾸고 있는 블록체인과 IT 관련 이야기를 쉽고 재미있게 만나보세요.

개인정보 수집 및 이용

뉴스레터 발송을 위한 최소한의 개인정보를 수집하고 이용합니다. 수집된 정보는 발송 외 다른 목적으로 이용되지 않으며, 서비스가 종료되거나 구독을 해지할 경우 즉시 파기됩니다.

최신기사

광고
URL 복사
x
  • 위에의 URL을 누르면 복사하실수 있습니다.

PC버전 맨위로

Copyright ⓒ 코인캣미디어. All rights reserved.