Announcement

NMKR announces Token Buyback Program

NMKR Studio Revenue will be used to buy & burn NMKR Tokens
location
Zürich
calendar
March 11, 2024
Announcement
$NMKR Token Buyback Program
$NMKR Token Buyback Program

NMKR Studio Launches  Token Buyback & Burn Program

NMKR Studio, a leading entity in the Cardano blockchain ecosystem, announces an exciting initiative to bolster the utility and ecosystem of its Cardano native token, $NMKR. For a limited six-month period, NMKR Studio will dedicate 5% of its total revenues towards the buyback and burn of $NMKR tokens, a strategic move aimed at enhancing the token's utility and supporting the ecosystem's sustainability.

Enhancing $NMKR's Ecosystem with Buyback & Burn

The buyback and burn program is a proactive approach to manage the $NMKR supply, ensuring the ecosystem's health and sustainability. By purchasing $NMKR tokens from the market and subsequently removing them permanently from circulation, NMKR Studio is committing to the long-term utility and stability of the token. This process is automated via a smart contract, ensuring transparency and efficiency in the reduction of the $NMKR total supply.

Strategic Benefits for the NMKR Ecosystem

This initiative reflects NMKR Studio's dedication to the Cardano blockchain community and its commitment to creating long-term value for $NMKR holders. The buyback and burn program is set to reinforce the ecosystem's dynamics by utilizing a portion of the company's revenues to support its native token's utility.

While the program is currently planned for a six-month period, its success could pave the way for future strategies aimed at further bolstering the ecosystem. NMKR Studio's innovative approach showcases its leadership in adopting sustainable practices for the growth of the Cardano blockchain ecosystem.

Commitment to Sustainable Growth

NMKR Studio's buyback and burn program exemplifies its strategy to enhance the utility of the $NMKR token within the Cardano ecosystem. It represents a significant step towards sustainable growth and utility enhancement for token holders. As the program progresses, it will be interesting to see its impact on the $NMKR ecosystem and how it might influence future initiatives within the Cardano community.

NMKR Studio's initiative is a clear indication of its commitment to the Cardano blockchain and the utility of its native token, $NMKR, setting a benchmark for sustainability and innovation in the blockchain industry.

Privacy Preferences
close
When you visit websites, they may store or retrieve data in your browser. This storage is often necessary for the basic functionality of the website. The storage may be used for marketing, analytics, and personalization of the site, such as storing your preferences. Privacy is important to us, so you have the option of disabling certain types of storage that may not be necessary for the basic functioning of the website. Blocking categories may impact your experience on the website. Your preferences will be saved for 180 days. View our Privacy Policy here
Manage Cookie consent
Essential
Always active
These items are required to enable basic website functionality.
Analytics
We use Google Analytics and Hotjar to help to understand how its website performs, how visitors interact with the site, and whether there may be technical issues. This storage type usually doesn’t collect information that identifies a visitor.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Cookie consent
By clicking “Accept All”, you agree to the storing of cookies on your device to analyze site usage and assist in our marketing efforts. You also agree that providers in the USA also process your data. In this case, it is possible that the transmitted data will be processed by local authorities. View our Privacy Policy for more information. You revoke your consent in our Privacy Perferences.
essential onlyAccept all