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Hoo’s First Stage of Token-Repurchase Program Completed With Over 400,000 HOO Token Added to Its AMM Liquidity Pool

PRESS RELEASE. On February 17th, 2022, Hoo announced the completion of the first-stage token-repurchase plan on HOO Token with a cumulative total of 423,982.18 HOO repurchased from the secondary market.
From January 2022, Hoo had imposed the strategic plan on generating 30% of the income revenue from spot trading (Spot Zone + Innovation Zone) of Hoo Exchange for enhancing the liquidity of the AMM pool. 15% of the income revenue would be used to repurchase HOO from the secondary market, and all the repurchased HOO would be placed into AMM liquidity pool. The remaining 15% income revenue would also be transferred to the AMM liquidity pool for optimizing the depth and activation of the secondary market continuously.
According to the announcement, Hoo’s accumulated spot transaction income is 3,385,520 USDT in January 2022. Thus, 1,015,656 USDT will be imposed into token-repurchase agreement, and half of which will be used to repurchase HOO from the secondary market and the remaining half

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We współpracy z: https://news.bitcoin.com/hoos-first-stage-of-token-repurchase-program-completed-with-over-400000-hoo-token-added-to-its-amm-liquidity-pool/

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