Axis Robotics has started a program to buy back its AXIS token using a share of profits from its commercial contracts. The company will purchase tokens on the open market after each paid milestone and publish quarterly reports showing revenue, profit, buyback amounts, prices and transaction records. An initial $150,000 buyback has been completed.
The program follows a rough start for AXIS, which launched in October and dropped roughly 40 percent in late October after allegations of insider selling. Axis disputed the claims, saying the sold tokens came from an ecosystem allocation handled through an outside dealer while most of the supply remains locked under vesting terms.
Read the full story on BSC News: Axis Robotics Launches AXIS Token Buyback Funded by Commercial Contract Profits
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