Updates on the $100K Revenue Buyback Program
As Arken has announced the $ARKEN revenue buyback plan with a commitment to create a robust and valuable token economy for $ARKEN holders, we would like to report the implementation of the $100K Revenue in Buyback Program for $ARKEN in April.
Buyback Complete
We are proud to announce that the $ARKEN Revenue Buyback Program in April is now complete. This milestone is a testament to our dedication to the growth and development of Arken ecosystem, with a common goal of increasing the overall value of $ARKEN and strengthening our platform.
You can find the installment detail below:
Total Revenue Buyback Amount Spent: $100,000
Total Liquidity
- As of April 9, 2023 (1 day prior the buyback plan announcement): $118,000
- After the buyback program completed: $202,000
Wallet Address:
- Wallet 1: https://debank.com/profile/0xb883ef6a5c75a0cbc2bae247f5dadda460cc64d6/history?chain=arb&token=
Buyback Amount Spent: $29,900 - Wallet 2: https://debank.com/profile/0x451acf2b633222cafa6c3c0d600b233a197a1dde/history
Buyback Amount Spent: $17,500 - Wallet 3: https://debank.com/profile/0xb5a10406d412961adfe1892baa57af0b2cf81708/history
Buyback Amount Spent: $52,600
How will $ARKEN holders benefit from the buybacks?
Active buyback from Arken Finance is aimed at reducing the supply of circulating $ARKEN in the market, which will ultimately benefit all token holders directly. By enhancing the growth potential and stability of the ARKEN Token, the buyback program provides additional security to our token holders that the ARKEN Token’s value will continue to rise.
Please note that there may be multiple transactions to achieve the total buyback program, depending on the market and in compliance with our framework. We will make a public announcement to inform our community once the buyback is executed.
About Arken Finance
Arken Finance is the Abstraction Layer for DeFi Protocols & User Experience. Arken helps abstract the complexity and unified liquidity and protocols to accelerate software development, making it easier for developers to build and create. On the user side, Arken provides the best user experience abstraction into a single user-friendly system over multiple networks, thousands of protocols, and millions of liquidity pools to make the transition to DeFi easy and painless.
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