Astra Nova Completes Massive RVV Token Buyback Worth $2.65 Million

robot
Abstract generation in progress

Astra Nova has successfully finished acquiring over 660 million RVV tokens through a strategic repurchase initiative announced on January 5th, as reported by PANews. This buyback, valued at approximately $2.65 million, represents a significant move in the project’s tokenomics management and demonstrates the team’s commitment to supporting token value stability.

Buyback Execution Strategy

The token acquisition was carried out across multiple channels, including centralized trading platforms and on-chain liquidity pools, ensuring optimal pricing and execution. Following the purchase phase, the RVV tokens underwent a comprehensive integration process designed to maintain full transparency and on-chain verifiability. Every step of this process has been documented on the blockchain, allowing the community to independently verify the repurchased inventory.

Six-Month Lockup Protects RVV from Supply Pressure

All repurchased tokens have been securely transferred to a dedicated public wallet (address beginning with 0x3449) and subject to a six-month lock-up period from the integration date. This locked inventory will remain off the market throughout this timeframe, preventing any potential selling pressure that could destabilize RVV’s price. By removing 660 million tokens from potential circulation, Astra Nova effectively reduces near-term supply dynamics and reinforces its commitment to sustainable token economics, while maintaining full transparency through public blockchain verification.

RVV3,91%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)