The UXLINK community unanimously approved management proposals for share buybacks and the creation of a strategic reserve fund.
According to a project statement, the plan will take effect in December and every month, at least 1% of UXLINK’s total supply will be bought back from the market using project profits and transferred to the strategic reserve.
UXLINK said in a governance update that the proposal was approved with 100% support. The plan outlines regular monthly buybacks aimed at strengthening the token economy and supporting long-term sustainability.
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On the market side, the UXLINK token has risen about 19% in the past 24 hours and is trading at about $0.01528, but the monthly performance still shows a decline of over 36%.
Graph showing the decline in UXLINK price.
The token is currently trading 99.6% lower than its all-time high recorded a year ago. Originally valued at $300 million, UXLINK now has a market cap of just $9 million.
*This is not investment advice.
