BFT has completed its second buyback and burn, with a recent strong uptrend attracting widespread market attention.
From November 19, 2023, to February 19, 2024, BiFinance successfully initiated and completed a new BFT (BiFinance Token) buyback and burn program. This buyback and burn marks the second repurchase action, with a total of 2,096,149 BFT tokens repurchased and transferred to a burn address.
Since August 18, 2023, BiFinance has been conducting monthly buyback programs for its total issuance of 1 billion BFT tokens, using part of the platform’s profits to repurchase BFT in order to create a positive circulation cycle. It is reported that the tokens repurchased by BFT each quarter will be transferred to a burn address for destruction, with each burn publicly announced, and users able to verify related information on the burn chain address. As of now, BiFinance has cumulatively burned a total of 3,373,349 BFT tokens.
BFT Price Trend Chart: Data Source – BiFinance
Through the buyback initiative, BFT has demonstrated BiFinance’s commitment to the healthy development of the cryptocurrency ecosystem to investors and the community. Thanks to increased confidence and recognition from market supporters, BFT has shown a strong upward trend in the recent period and has gained attention and coverage from numerous cryptocurrency media outlets. This series of buyback and burn actions not only contributes to enhancing the scarcity of BFT but also brings more confidence and transparency to investors.
Bob, CEO of BiFinance, stated that the company will continue to uphold its commitment to value holders and execute similar buyback and burn plans in the future. Furthermore, ongoing expansion in the application scenarios and ecological value of BFT will continue to drive its long-term development and ecosystem construction.
The successful execution
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