TechFlow news, on August 13, the Sign Foundation officially announced the completion of its first $SIGN token buyback worth $12 million. Of this amount, $8 million was executed through public secondary market purchases, acquiring a total of 117 million $SIGN tokens; the remaining $4 million was carried out via OTC transactions. This large-scale buyback demonstrates the Sign Foundation's strong confidence in the long-term fundamentals and ecosystem development of $SIGN, aiming to build a more resilient, sustainable token economy that is deeply aligned with community interests.
The repurchased tokens will be primarily allocated for the following purposes:
Empowering collaborations with more listed companies: to drive cooperative initiatives with listed firms, accelerating Sign’s product and asset integration into real-world applications and broader use cases
Supporting new exchange listings: serving as strategic reserves for market-making and connecting with global compliant exchanges, further enhancing $SIGN’s market liquidity and expanding its global user base
Expanding and incentivizing the Orange Dynasty community: launching incentive programs for the Orange Dynasty community and ecosystem partners, rewarding early high-quality contributors and strengthening community influence
