The UXLINK community unanimously approved the management proposal for buybacks and the creation of a strategic reserve.
According to the project’s statement, the plan will come into effect in December, and each month, at least 1% of the total UXLINK supply will be repurchased from the market using project profits and transferred to a strategic reserve.
UXLINK stated in a governance update that the proposal was approved with 100% support. The plan outlines regular monthly buybacks, aiming to strengthen the token economy and support long-term sustainability.
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On the market side, the UXLINK token has risen by approximately 19% in the last 24 hours to trade at around $0.01528, but its monthly performance is still showing a decline of over 36%.
The token is currently trading 99.6% lower than its all-time high price record from a year ago. Initially valued at $300 million, UXLINK currently has a market capitalization of only $9 million.
*This is not investment advice.
