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MAP Protocol community releases “MAPO token buyback and burning” proposal vote
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2024-12-09 16:03 8,197
According to news on December 9, the Bitcoin L2 interoperability layer MAP Protocol community released a voting for the "MAPO token repurchase and burning" proposal. The voting will last until the end of December 12. The proposal includes increasing the long-term value of the MAPO token and building a sustainable ecosystem. A portion of the protocol profits (trading fees, etc.) will be used to repurchase MAPO tokens from the open market; the repurchased tokens will be permanently withdrawn from liquidity to reduce supply and increase scarcity. Additionally, all buyback and burn transactions will be publicly recorded on-chain to increase transparency.
Keywords: Bitcoin
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