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Add as a preferred source on GoogleMaple Completes $314,116 SYRUP Buyback Under MIP-021
The purchase covered 1,371,166 SYRUP at an average price of $0.229 per token and represented 20% of September protocol revenue.
Maple completed a $314,116 buyback of 1,371,166 SYRUP tokens under MIP-021, using an allocation equal to 20% of September protocol revenue.
The purchase carried an average price of $0.229 per token.
MIP-021 provides a rules-based framework for allocating protocol revenue to SYRUP purchases. The transaction is classified as a revenue allocation rather than a dividend or profit-sharing distribution.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.