Following up on our previous community update, we are delighted to share the successful completion of the promised buybacks. Please find the token buyback recap below, as well as the upcoming token burn and LP Rewards Boost details.
We have listened to our community and consulted with experienced partners, and have decided to revise the previously communicated LP Rewards strategy (100% to LP Rewards) by introducing a token burn in order to make best use of the CELL tokens acquired through our buybacks.
By means of 10 buybacks we have bought approx. 1,130,000 CELL with a valuation of ~1,600,000 USD at current prices with a total of 431.6 ETH from our initial liquidity. Please the details below as well as the etherscan of each buyback to be found through our twitter posts.
*88,191 CELL for 40 ETH
Cellframe is a quantum-resistant layer-1 network focused on facilitating secure and scalable cross-chain transfers. Cellframe aims to create an infrastructure for decentralized low-level services through its multichain nature. It is quantum-safe — it uses post-quantum encryption by default. Cellframe is built from scratch with plain C, which results in more efficient utilization of CPU and memory.
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