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Pyth Network launches PYTH token reserve and will conduct token buybacks on public market monthly
Summary: In a recent announcement, Pyth Network revealed the launch of a PYTH token reserve, where a portion of network revenue will be used each month to purchase PYTH tokens on the public market, ensuring predictability and scalability of transactions. Pyth Network also disclosed plans to systematically purchase PYTH on the public market with over $1 ...
In a recent announcement, Pyth Network revealed the launch of a PYTH token reserve, where a portion of network revenue will be used each month to purchase PYTH tokens on the public market, ensuring predictability and scalability of transactions. Pyth Network also disclosed plans to systematically purchase PYTH on the public market with over $1 million in revenue generated in the first month by Pyth Pro, in addition to PYTH DAO allocating one-third of its funds for purchasing PYTH from the public market.
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Link: Pyth Network launches PYTH token reserve and will conduct token buybacks on public market monthly [Copy]
