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MultiBank Group has completed the first buyback and destruction of 4,860,000 Tokens.
GateNewsBot
MBG-6,52%
Odaily News MultiBank Group, a financial derivation institution, announced that it has completed its first Token buyback and destruction. So far, 4,860,000 MBG coins have been permanently removed from circulation. According to its previously disclosed Token buyback and destruction plan, it is expected to buy back MBG tokens worth 58.2 million dollars in the first year, with a cumulative buyback value of 440 million dollars over five years, to promote Token scarcity and enhance Token value. (Businesswire)
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