We are thrilled to announce that the OORT Foundation has started its Q3 token buyback, funded by up to 30% of our Q2 revenue, amounting to no less than $600,000 USD.
Our strategy involves repurchasing tokens on the open market and sending them to a blackhole address, removing them from circulation. This approach supports long-term growth and benefits our token holders, reinforcing our commitment to enhancing the value and sustainability of the OORT token ecosystem.
OORT generates revenue through three primary streams:
Our quarterly token buyback and burn strategy shows our dedication to creating a sustainable and valuable environment for all our stakeholders
Q1 2024 Buyback
Q2 2024 Buyback
Since our token listing, the OORT Foundation has burned a total of 3.25M $OORT tokens. This represents approximately 0.16% of the 2 billion total token supply and about 2.5% of the current circulating supply.
A sneak announcement: $OORT will be officially listed on one of the most popular decentralized exchanges (DEX) in July. This listing marks a significant milestone in our journey to increase the accessibility and utility of $OORT tokens.
Based on community feedback, the $60 annual Deimos licensing fee will soon be payable with $OORT tokens once they're listed on the DEX in July. The tokens will be sent to a burner address, ensuring transparency as $OORT tokens are removed from circulation.
We look forward to sharing more updates and continuing our mission to build a robust and sustainable OORT ecosystem. Thank you for your continued support.
Stay tuned for more exciting news and developments from the OORT Foundation!
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OORT Foundation locks 40% of its token supply and completes a Q3 buyback of 4.626M $OORT tokens, supporting decentralization and value growth.
Stay updated on OORT's latest milestones: OORT DataHub commercial release, A-LIST Award nomination, new partnerships, and the Edge Network Growth Challenge.