Main Points Related to Aevo Buyback Program:
- Aevo experienced a surge in price following the completion of its repurchase of 1 million tokens backed by Paradigm.
- The buyback program involved the reacquisition of 1 million AEVO tokens at an average price of $0.317 on the Binance crypto exchange.
- All repurchased tokens were deposited into a treasury multisig for future use in rewarding token holders and adjusting tokenomics.
Aevo’s Repurchase Program Details:
Following a notable surge in price, Aevo initiated its buyback program to create long-term value for token holders. The project reacquired 1 million AEVO tokens at an average price of $0.317 on September 2 through transactions on Binance.
Utilization of Repurchased Tokens:
In an update on its tokenomics, Aevo committed to using a portion of its revenue for weekly buybacks of AEVO tokens. These tokens, deposited into the treasury’s multisig, will require a governance vote by AEVO holders for allocation in rewards programs, token burns, or other adjustments to the tokenomics. As of September 4, 2024, Aevo has a circulating supply of 870,377,904 tokens out of a total supply of 1 billion tokens.
