Avantis: Launches AVNT Token Buyback and Burn Program
Odaily reported that Avantis announced on the X platform the launch of the AVNT token buyback and burn plan. 30% of daily trading revenue (including opening fees, closing fees, and profit fees) will be used to buy back and burn AVNT tokens on the open market. This mechanism is now officially effective.
In addition, the official stated that after future protocol efficiency upgrades, the buyback ratio is expected to increase to over 50%, and it is anticipated to be achieved by the end of the second quarter of 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
South Korea's exports in the first 20 days of September continued strong momentum, with chip exports soaring by 259%, remaining a key driver of growth.
Early September exports from South Korea help maintain strong momentum in the chip boom.
