Curated News
By: NewsRamp Editorial Staff
July 26, 2024
DappRadar DAO Completes First Token Buyback
TLDR
- DappRadar DAO completed a $38,000 token buyback, reducing circulating supply and strengthening the token economy for potential profit.
- Recent revenue from token swaps, referrals, and quests allowed DappRadar DAO to accumulate $38,000 for the buyback process, which will lock purchased tokens for 6 months.
- The token buyback strengthens the DappRadar community by reintegrating tokens into quest rewards, contribute-to-earn distributions, and other community-oriented initiatives, encouraging sustainable growth and success.
- DappRadar DAO's first buyback of $RADAR tokens aligns the interests of token holders, contributors, curators, creators, and the entire community for mutual benefits and success.
Impact - Why it Matters
The completion of the first buyback by DappRadar DAO strengthens the token economy and benefits the entire DappRadar community. It allows community members to have a say in the platform's development and earn rewards through their contributions, while also aligning the interests of the DAO, the community, and the company for sustainable growth and success.
Summary
DappRadar DAO has completed the first buyback of its native $RADAR token, accumulating $38,000 from recent revenue generation. The buyback will reduce circulating supply and the locked tokens will be reintegrated into the community after 6 months. The DAO comprises enthusiastic DappRadar users, PRO members, and industry leading organizations, all having a say in the platform's development. Holders of RADAR tokens can influence DappRadar's development and earn through their contributions, while the entire community benefits from the success of the platform.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, DappRadar DAO Completes First Token Buyback
