According to Mars Finance, on October 21, the decentralized telecom infrastructure project Helium tweeted that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, it will repurchase HNT from the market to match the daily burn, rather than using the team's treasury, and plans to implement this through an automated process. This mechanism does not affect the ongoing temporary purchasing activities on CEX, AMM, through market makers, and direct OTC. Additionally, over the past month, Helium has been exploring the launch of a digital asset treasury business. This business will acquire HNT in the open market and OTC, and increase the earnings-generating activities aligned with the network to boost the HNT per share.
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Helium plans to launch an HNT automatic buyback mechanism and explore digital asset treasury business.
According to Mars Finance, on October 21, the decentralized telecom infrastructure project Helium tweeted that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, it will repurchase HNT from the market to match the daily burn, rather than using the team's treasury, and plans to implement this through an automated process. This mechanism does not affect the ongoing temporary purchasing activities on CEX, AMM, through market makers, and direct OTC. Additionally, over the past month, Helium has been exploring the launch of a digital asset treasury business. This business will acquire HNT in the open market and OTC, and increase the earnings-generating activities aligned with the network to boost the HNT per share.