Story Foundation Don Launch $82M IP Token Market Buyback Plan
Story Foundation don launch $82 million IP token buyback for public market after dem do one PIPE financing wit Nasdaq-listed Heritage Distilling (CASK) on August 15. Dem be di first US-listed company to get IP inside im crypto treasury, di 90-days market buyback programme go run till November 16. Big big investors like a16z crypto, Arrington Capital, Amber Group, Hashed and Polychain Capital dey support di plan. Story Foundation don promise say dem go dey update people regular regular to make everything clear and make market dey confident. Traders fit expect say di IP token buyback go reduce supply, make liquidity beta and fit make price stable.
Bullish
Beta big big IP token buyback dey reduce the circulating supply and e mean say Story Foundation show strong commitment, wey top investors like a16z crypto and Polychain Capital back up. For history, on-chain token repurchase don tighten market supply, support price floor, and encourage traders confidence. The 90-day program go create steady demand, e fit lead to better liquidity and potential price rise short term. Long term, this move show say dem dey shift strategy to use tokens as treasury assets, wey fit attract more institutional interest and stabilize IP valuation.