Saros Foundation Launches Quarterly Token Buyback Program, Acquires 100 Million SAROS in First Round
According to ChainCatcher, as reported by The Block, the decentralized trading protocol Saros has announced the launch of a long-term token buyback program, with the first phase already acquiring 100 million SAROS tokens (approximately $38 million).
The foundation stated that the recent increase in token price is partly due to ongoing buybacks. Moving forward, 20% of the protocol’s quarterly revenue will be allocated to buybacks, with the scale gradually expanding as revenue grows.
According to the announcement, all buyback funds are sourced entirely from protocol revenue, aiming to return the value generated by ecosystem development to the community. Saros has committed to publishing an annual transparency report on buyback progress and plans to expand the utility of SAROS tokens in scenarios such as staking incentives and governance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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