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#RUNWAGO Dear Community,
As informed before, we have been evaluating a potential buyback and burning mechanism for Runwago tokens to support the token price before the upcoming USDC revenue share for Runwago token holders.
Burning Mechanism - Starting tomorrow (Friday), a significant token burn will take place over the following four weeks to keep the supply low and help protect the token price.
Buybacks - Starting next Monday, If the results of the burning mechanism do not meet the team’s expectations, we will initiate a buyback phase to support the token price at the desired levels.
USDC Revenue Share - As you may have noticed, we are significantly increasing the number of users and daily active users while preparing for Fiat support. This will lead to the core feature of the Runwago token: USDC revenue sharing from Fiat challenges, distributed to Runwago token holders.
We remain fully committed to the project, our token holders, and the entire Runwago community. We continue to push the project and development forward toward the moment when full Fiat support goes live, allowing mass onboarding of Fiat users and activating the main revenue share mode - 25%
of all Fiat profit pools distributed to token holders.
Thank you for your support!