Launch of 2nd Buyback & Lock Program by DREP Foundation
Dear community,
As we head towards the start of 4Q 2020, the DREP team has achieved good progress in product development. To further boost our trajectory of our ecosystem development, we had decided to implement the second phase of our Buyback & Lock program in the 4th quarter of 2020. This involves the purchase of approximately 150 million tokens from the secondary market, together along with the first buyback program of 159 million tokens, total market circulation will be reduced by 10%. These tokens will be sent to a fixed permanent address that will be disclosed to the community.
Concurrently, we will release details about our marketing and market expansion plans in the near future, along with updates on our mainnet. The DREP team is actively managing both inflationary and deflationary aspects of token circulation. We hoped that as a result of these initiatives, it will help boost the network value and market confidence for our supporters.
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