This article was first published on Nebulasio - Medium
After the Nebulas founding team announced their intention to buy back $10 million dollars of NAS, the community and markets responded with enthusiastic feedback. To ensure the transparency of the program, Nebulas hereby discloses the address where the repurchased assets are stored: n1F3wjsiuK7FVZRSPNdc1HbijxK2uSG41DW
This address can be monitored by all via the Nebulas explorer at: https://explorer.nebulas.io
The first round of the buy-back program has already begun after being announced on June 10th, 2019. The plan is to invest $800,000 US dollars into the repurchase of NAS via secondary markets; this accounts for 8% of the total buy-back fund.
The repurchased NAS will be deposited into the pledging pool on a regular basis.
- The Pledge NAS smart contract address is: n1obU14f6Cp4Wv7zANVbtmXKNkpKCqQDgDM;
- The Pledge NAS public portal is located at: https://pledge.nebulas.io.
The amount of each pledge and the subsequent transaction hash will be disclosed in following announcements.
Nebulas’ on-chain governance token entitled “NAT” which can be obtained via pledging will be used for community governance and ecosystem construction.
Subsequent buy-back program updates will be announced in the future. Be sure to follow all of Nebulas’ public announcements.
We welcome all to participate in the Nebulas ecosystem and build the future of Nebulas together!
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Nebulasio - Medium