This Altcoin Has a Big Week Ahead: It Could See Heavy Buybacks

The community of decentralized staking platform ￰0￱ has put a new proposal to the vote, which envisions the buyback of ETHFI tokens by allocating up to $50 million from its ￰1￱ to the proposal, the buybacks would be activated when the price of ETHFI falls below $3. At the time of writing, ETHFI is currently trading at $0.96. The community vote launched via Snapshot on Friday, November 1st and is progressing with 100% ￰2￱ will close on November 4, ￰3￱ approved, this will be Ether. fi's third buyback ￰4￱ buybacks were conducted for liquidity support under proposals #8 and #10.

Related News: Expert Analyst Tom Lee's Fund Revealed Whether “Bitcoin and Altcoins” Have Peaked According to the proposal, “The Foundation’s goal is to gradually increase repurchase capacity in proportion to protocol revenues; specifically, while the ETHFI price remains below $3, it is to use surplus revenues to strengthen market confidence and reduce circulating supply.” This strategy aims to align the revenue performance of the ￰5￱ ecosystem with the interests of token ￰6￱ transactions will be transparently recorded on-chain, and results will be publicly available on the Dune Analytics ￰7￱ to Coin data, the ETHFI token is trading at $0.9635, down 3.74% in the last 24 ￰8￱ token's market capitalization is $543.56 million. *This is not investment ￰9￱ Reading: This Altcoin Has a Big Week Ahead: It Could See Heavy Buybacks