Helium plans to launch an HNT automatic buyback mechanism and explore digital asset treasury business

ChainCatcher news, the decentralized telecom infrastructure project Helium tweeted that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, it will repurchase HNT from the market to match the daily burn, rather than using the team's treasury, and plans to execute this through an automated process.

This mechanism does not affect ongoing temporary purchase activities on CEX, AMM, through market makers, and direct OTC. Additionally, over the past month, Helium has been exploring the launch of a digital asset treasury business. This business will acquire HNT on the open market and OTC, and increase the earnings per share of HNT through network-aligned revenue-generating activities.