TechFlow reports that AirDAO has announced on X that the snapshot vote for the AMB buyback and burn plan concluded last weekend. The decision was made to use profits to buy back and burn AMB from the market. According to the voting results, 97% of voters supported monthly AMB burns.
As a result, AirDAO will use all investment profits to purchase AMB from UniSwap every last Wednesday of the month, bridge it to the AirDAO network, and then burn it, ultimately driving AMB toward deflation.
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