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Katana Announces Revenue-Funded Buyback Program for KAT Token Stakers
(2 hours ago) · 1 source · Summarized by CryptoBipto
Katana has announced plans to use protocol revenue to fund buybacks of its KAT token, directing value to stakers. The program is designed to reward those who stake KAT by using earnings generated by the protocol to repurchase tokens.
WHY IT MATTERS
In traditional finance, companies sometimes use their profits to buy back their own stock, which can reduce the number of shares available on the market.
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SOURCES
- thedefiant.io
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