Avalanche Foundation Seeks Court Approval for AVAX Token Buyback
13.10.2024 19:00 1min. read Alexander Stefanov
The Avalanche Foundation has revealed plans to buy back all AVAX tokens that were sold to the Luna Foundation Guard (LFG) before April 2022.
The buyback involves 1.97 million AVAX tokens and is pending approval from bankruptcy court.
In a social media post, the Foundation detailed that this agreement is aimed at preventing LFG from breaching the original terms governing the tokens’ usage and safeguarding AVAX from potential issues during the bankruptcy process.
By repurchasing these tokens, the Avalanche Foundation aims to bolster its asset base and enhance its ability to foster the growth of the Avalanche ecosystem.
If granted approval, the repurchase will bring 1.97 million AVAX tokens back into the Foundation’s control, further enabling it to support upcoming projects and enhance the blockchain’s functionalities.
-
1
These Two Altcoins May be on the Verge of a Breakout, According to Analyst
21.09.2024 20:26 2min. read -
2
Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research
28.09.2024 21:00 2min. read -
3
XRP ETF Approval Could Propel Prices to $1,000 Amid Institutional Interest
13.10.2024 11:00 2min. read -
4
Crypto Whales Make Big Moves on Solana, Following Recent Breakout
15.09.2024 9:30 1min. read -
5
Bonk Inu Announces First-Ever Memecoin ETP in the U.S.
21.09.2024 21:00 1min. read
EigenLayer Faces Criticism for Failing to Meet Investor Expectations
EigenLayer (EIGEN), a prominent blockchain protocol that focuses on restaking within the Ethereum ecosystem, has fallen short of investor expectations, according to Alex Obchakevich, founder of the Ukrainian-Austrian analytics firm Obchakevich Research.
Crypto Investor Reaps 28,900% Profit in Less Than a Year
A notable investor has gained attention by realizing a remarkable profit of 289 times on SPX tokens, associated with the Solana network.
Cardano Is Evolving, Not Failing – Charles Hoskinson
Charles Hoskinson, the founder of Cardano (ADA), has addressed the rising negative sentiment surrounding his project on social media.
Here’s When the Trump-Supported World Liberty Token Will Go Live
World Liberty Financial, a decentralized finance (DeFi) project associated with former President Donald Trump, is set to launch its tokens soon.
-
1
These Two Altcoins May be on the Verge of a Breakout, According to Analyst
21.09.2024 20:26 2min. read -
2
Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research
28.09.2024 21:00 2min. read -
3
XRP ETF Approval Could Propel Prices to $1,000 Amid Institutional Interest
13.10.2024 11:00 2min. read -
4
Crypto Whales Make Big Moves on Solana, Following Recent Breakout
15.09.2024 9:30 1min. read -
5
Bonk Inu Announces First-Ever Memecoin ETP in the U.S.
21.09.2024 21:00 1min. read
