MultiBank Group has jumped into the fray to add more value to its native token, $MBG. Known widely as the world’s largest financial derivatives institute, MultiBank has started an aggressive buyback and burn program with the goal of aggressively pushing the value of the token upwards by removing 50% of MBG’s total supply over the course of the next few years. The company’s ambitious goals involve removing a massive chunk — $58.2 million worth of $MBG tokens — in the first year alone, which would effectively reduce the total supply by 10.5%. And over the next five years, the goal is to burn $440.26 million worth of tokens, bringing the supply down by at least 25.4%. The internal mechanism of the ecosystem will ensure that 50% of the total supply is reduced as the usage of the token increases across the ecosystem. It is a Cornerstone of Our Future Digital… Read More at Coingape.com
The post MultiBank Group: MBG Buyback and Burn Program Set to Remove 50% of Supply in Four Years appeared first on CoinGape.
