LetsBONK platform, supporting BONK and ecosystem on Solana, has just announced that it will use 1% of total revenue to repurchase top token pairs in the BONK ecosystem.
This amount is drawn from the LetsBONK team's marketing fund. In the past 24 hours, LetsBONK generated approximately 1.5 million USD in platform fees - which means around 15,000 USD will be used to repurchase prominent tokens like Useless Coin (market Capital of ~312 million USD).
LetsBONK's Founder stated that repurchases will occur weekly, and any pair meeting the criteria can be selected. The total market Capital of tokens launched on LetsBONK has exceeded 1 billion USD, with Useless Coin and ANI being the largest representatives.
This move occurs against the backdrop of rival platform Pump recently launching a revenue sharing mechanism and a "community takeover" model that allows users to take over abandoned projects.
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The article LetsBONK will use 1% of revenue to repurchase top tokens first appeared on CoinMoi.
