Avalanche Foundation Moves to Repurchase AVAX Tokens from Luna Foundation Guard

Coinpedia 1 year ago 434

Here’s Where AVAX Price Rally May Reach in Q4 2024

The post Avalanche Foundation Moves to Repurchase AVAX Tokens from Luna Foundation Guard appeared first on Coinpedia Fintech News

The Avalanche Foundation has reached an agreement to buy back all AVAX tokens previously sold to the Luna Foundation Guard (LFG) in April 2022. This repurchase is pending approval from the Bankruptcy Court. This strategic move ensures that the LFG does not violate the original terms regarding the tokens’ usage. It also protects the tokens from the complexities of bankruptcy liquidation, returning 1.97 million AVAX tokens to the Foundation’s holdings. This action will further strengthen the Foundation’s efforts to foster growth and development within the Avalanche ecosystem.

BitRss shares this Content always with

License.

Read Entire Article

Screenshot generated in real time with SneakPeek Suite

Search Crypto News

The latest Top News, only from Leading exponents of BlockChain, Bitcoin, Altcoins and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News and the Sources; for this reason we have designed this New Version of BitRss.com with a clean and simple Style, usable by all Devices, fast and effective. Our exclusive Algorithm, in addition to filtering (a lot..) sponsored content of dubious interest, Lists the News, in Chronological order of Publication on the Internet, allowing our Users to Follow the Flow of Articles in a fast and intuitive way.

You can also check the Cryptocurrency Price in Real Time directly in the shared Articles (the TAG's highlighted in green), which allows you to Learn more about the Market Trend of that particular Coin with many other related information. Each content includes always a Screenshot of the Article's Source.