EigenCloud: Introduces EIGEN Token Buyback and Burn Mechanism Based on ELIP-12 Proposal
Foresight News reported that EigenCloud published an article introducing the EIGEN token value accumulation cycle mechanism. According to the ELIP-12 proposal, 20% of the subsidy rewards and 100% of EigenCloud fees (after deducting operating costs) will be used to buy back and burn EIGEN tokens. Token unlocking will focus primarily on productive, paid services.
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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