Buying Back $24 Million-Worth of Its own Tokens Crypto Exchange

2018-7-16 20:46

The exchange announced last Friday that the new fund will be backing a group of selected token funds to further invest in blockchain and cryptocurrency projects.
The funds invested in will all be accredited sponsors, it added.
During an initial phase, it will allocate 100 million of its own FT tokens – worth around $24 million at press time – to fund the project.
However, instead of providing the amount from its own reserves, FCoin said the the capital will come from a buyback of tokens on the secondary market.
The move accompanies FCoin’s addition of a new “FT trading zone,” also announced on Friday, which includes trading pairs between FT and other tokens.

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million exchange funds own tokens added accredited

Источник: bitcoints.com

million exchange → Результатов: 126


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