TechFlow, August 27 — According to Businesswire, financial derivatives institution MultiBank Group announced it has completed its first token buyback and burn. So far, 4,860,000 MBG tokens have been permanently removed from the circulating supply. As previously disclosed in its token buyback and burn plan, the company expects to repurchase MBG tokens worth $58.2 million in the first year, with cumulative repurchases reaching $440 million over five years, aiming to enhance token scarcity and increase token value.
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