The post Helium Shifts from HNT Burns to Daily Buybacks appeared on BitcoinEthereumNews.com. Key Points: Helium Foundation initiates daily HNT buybacks replacing treasury burns. Helium aims to increase HNT token value. Helium’s approach draws institutional interest. Helium’s latest announcement on October 21st marks a shift to daily market buybacks of HNT through an automated Dollar-Cost Averaging (DCA) system, enhancing its market strategy. This move aims to boost HNT’s value and attract institutional investors, with a 3% price increase observed following the announcement, highlighting its potential market impact. Helium’s Strategic Shift to Boost Token Scarcity The Helium Foundation uses automated DCA to initiate a daily market buyback of HNT, halting the previous token-burning process. This strategy connects buybacks with Helium’s daily network revenue and boosts HNT’s scarcity. As the Helium Foundation’s Executive Body states, “Helium Network has announced a strategic transition from internal treasury burns to open-market buybacks, resulting in a 3% increase in the price of HNT. The team plans to use dollar-cost averaging (DCA) for these buybacks, aiming to enhance HNT’s market traction and appeal to institutional investors.” Replacing token burns with market buybacks signifies a strategic shift, aiming to elevate HNT scarcity alongside traditional financing methods. By setting up a Digital Asset Treasury (DAT), Helium envisions enhanced revenue generation from their token assets. Market reactions have been positive, with HNT prices rising by 3% to $2.06 post-announcement. However, the broader market impact remains subdued, with prominent crypto figures and regulatory bodies yet to publicly comment. Helium’s Market Position and Industry Forecast Did you know? This buyback strategy, reminiscent of corporate share buybacks, contrasts traditional token burns, promoting scarcity without altering supply caps. CoinMarketCap reports Helium’s current price at $1.86, with a market cap of $346 million, and a 24-hour trading volume of $8.67 million. HNT’s price has fallen by 4.41% in the last 24 hours and 50.53% over 90 days as… The post Helium Shifts from HNT Burns to Daily Buybacks appeared on BitcoinEthereumNews.com. Key Points: Helium Foundation initiates daily HNT buybacks replacing treasury burns. Helium aims to increase HNT token value. Helium’s approach draws institutional interest. Helium’s latest announcement on October 21st marks a shift to daily market buybacks of HNT through an automated Dollar-Cost Averaging (DCA) system, enhancing its market strategy. This move aims to boost HNT’s value and attract institutional investors, with a 3% price increase observed following the announcement, highlighting its potential market impact. Helium’s Strategic Shift to Boost Token Scarcity The Helium Foundation uses automated DCA to initiate a daily market buyback of HNT, halting the previous token-burning process. This strategy connects buybacks with Helium’s daily network revenue and boosts HNT’s scarcity. As the Helium Foundation’s Executive Body states, “Helium Network has announced a strategic transition from internal treasury burns to open-market buybacks, resulting in a 3% increase in the price of HNT. The team plans to use dollar-cost averaging (DCA) for these buybacks, aiming to enhance HNT’s market traction and appeal to institutional investors.” Replacing token burns with market buybacks signifies a strategic shift, aiming to elevate HNT scarcity alongside traditional financing methods. By setting up a Digital Asset Treasury (DAT), Helium envisions enhanced revenue generation from their token assets. Market reactions have been positive, with HNT prices rising by 3% to $2.06 post-announcement. However, the broader market impact remains subdued, with prominent crypto figures and regulatory bodies yet to publicly comment. Helium’s Market Position and Industry Forecast Did you know? This buyback strategy, reminiscent of corporate share buybacks, contrasts traditional token burns, promoting scarcity without altering supply caps. CoinMarketCap reports Helium’s current price at $1.86, with a market cap of $346 million, and a 24-hour trading volume of $8.67 million. HNT’s price has fallen by 4.41% in the last 24 hours and 50.53% over 90 days as…