The ETHFI community has just passed a significant governance proposal. The foundation has been authorized to use a budget of up to $50 million to repurchase tokens from the market or on-chain when the price of ETHFI falls below $3.
This operation will be fully transparent, and all repurchase records will be on-chain. Everyone can also view the data in real-time through the Dune dashboard. It can be seen as an injection of confidence into the market, demonstrating the team's determination to support the price.
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Zeh 50 million buyback, as expected from a wealthy community.
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GateUser-8adb851f
· 11-05 08:10
Is this a joke? Isn't 0.87 around lower than 3 dollars now? Or does it need to hit the trigger price of 3 dollars and then rise above 3 dollars before falling back down to count as a buyback trigger? Isn't this a joke?
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OnChainDetective
· 11-04 20:24
hmm... typical market manipulation. tracking these "buybacks" through multiple hops rn
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OldLeekMaster
· 11-04 20:16
Scythe and leek clash on one street
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DegenRecoveryGroup
· 11-04 20:13
Starting at the bottom price? That's a signal for suckers to enter a position.
The ETHFI community has just passed a significant governance proposal. The foundation has been authorized to use a budget of up to $50 million to repurchase tokens from the market or on-chain when the price of ETHFI falls below $3.
This operation will be fully transparent, and all repurchase records will be on-chain. Everyone can also view the data in real-time through the Dune dashboard. It can be seen as an injection of confidence into the market, demonstrating the team's determination to support the price.