This Altcoin Will Buy Back Tokens from the Market with Its Planned Update

The BounceBit (BB) Foundation plans to take a new step towards the growth of its ecosystem. The company is considering implementing a “fee switch” feature for BounceBit Trade, allocating platform fees directly to ongoing BB buybacks.

The official statement stated that the buybacks are currently supported by $12 million in revenue from other products, and that how the funds will be allocated and additional enforcement channels are being evaluated. Related News: Big Day Tomorrow: ETF Including Bitcoin and 4 Altcoins to Hit the Market According to the latest market data, BounceBit (BB) is trading at $0.

1903, a 2. 59% daily increase.

The token's market capitalization is approximately $151 million, with 24-hour trading volume exceeding $143 million. Its fully diluted market capitalization (FLC) is calculated at $399.

8 million. UniSwap recently activated its fee switch mechanism.

Ethena also announced that they are exploring incorporating this mechanism. The fee switch works by transferring a portion of the fees collected on the platform back to users.

*This is not investment advice. Continue Reading: This Altcoin Will Buy Back Tokens from the Market with Its Planned Update