Astra Nova Launches RVV Token Buyback and 10% Bounty Program
Astra Nova announced on October 19 a buyback of RVV tokens equivalent to those affected by recent market events, with a detailed schedule to be released later. The firm also launched a bounty program offering 10% of the value of any recovered stolen funds, inviting on-chain forensics and analysis teams to assist in tracking and restoring assets. This follows reports of a hack that led to significant asset sales, with some users suspecting insider involvement. Independent analysts estimate related parties may have profited at least $9.09 million from malicious RVV token sales. The buyback aims to stabilize RVV’s market price, while the bounty incentives strengthen recovery efforts and restore investor confidence.
Bullish
By announcing a buyback of RVV tokens and a bounty program, Astra Nova signals strong commitment to market stabilization and asset recovery. Historically, token buybacks have supported price floors and increased demand, as seen with similar initiatives in other projects. The 10% bounty on recovered stolen funds further mitigates investor concerns following the recent hack. In the short term, this news may trigger bullish sentiment and attract buyers anticipating reduced token supply. In the long run, successful fund recovery and transparent action could enhance market confidence and foster sustainable growth for RVV.