Virtuals Protocol launches token buyback and burn plan, with proxy tokens such as GAME and AIXBT to be allocated

ChainCatcher news, according to @aixCB_Vc, Virtuals Protocol previously announced the repurchase and destruction of approximately 13 million VIRTUAL (about 40 million USD) proxy tokens through the TWAP mechanism. Data shows that the top five benefiting proxy tokens and their allocation amounts are:

• GAME: 1.616 million VIRTUAL (about 4.736 million USD);
• CONVO: 1.107 million VIRTUAL (about 3.243 million USD);
• AIXBT: 882,000 VIRTUAL (about 2.584 million USD);
• SEKOIA: 712,000 VIRTUAL (about 2.088 million USD);
• MISATO: 690,000 VIRTUAL (about 2.023 million USD);

ChainCatcher previously reported that Virtuals Protocol announced an update to the value accumulation mechanism to better support builders of the Virtuals ecosystem. The post-bonding tax will be allocated as follows: 30% to proxy creators, 20% to proxy affiliates, and 50% to proxy subDAOs for future governance decisions.