DappRadar DAO Completes First $RADAR Token Buyback
TL;DR
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.
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DappRadar DAO, the community governance arm of DappRadar, has successfully completed its first buyback of the native $RADAR token, utilizing recent revenue streams to accumulate $38,000 for this purpose. This buyback reduces the circulating supply of RADAR tokens, which will be locked for a period of six months. After the lockup period, the tokens will be reintegrated into the community through various initiatives such as quest rewards, contribute-to-earn distributions, and an ambassador program, ultimately strengthening the token economy and benefiting the entire DappRadar community.
The DappRadar DAO includes enthusiastic users, PRO members, and industry-leading organizations who have a say in the development of the platform. The community regularly proposes and votes on changes to the platform’s features and developments. While the core team managed this initial buyback, future buybacks will be entirely DAO-governed to further decentralize the process. Additionally, future buybacks will occur without prior announcement to avoid market speculation.
Holders of RADAR tokens can influence the development of DappRadar and earn through their contributions as contributors, curators, and creators. Every token holder benefits from the success of the DappRadar platform, as revenue flows back into buybacks. This alignment of the DAO, the community, and the company encourages sustainable growth and success, underscoring the benefits of using DappRadar’s tools and services for the entire community.
Curated from BlockchainWire
