MyShell: 8 million USDT will be used for the SHELL buyback plan, which will be executed within 90 days

2025-03-18 09:24:55

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ChainCatcher news, MyShell has released more details about the SHELL token buyback plan. A total of 8 million USDT generated from SHELL trading (buying and selling) has been frozen in the market maker's Binance account; these assets will be fully used for the SHELL buyback plan, which will be executed within 90 days. The buyback operation will provide stable support for the token's value and inject confidence into investors; to ensure complete transparency, all repurchased SHELL tokens will be transferred to an on-chain wallet starting with 0x8d67 after each buyback transaction.

Previous news, MyShell stated that it has terminated its cooperation with the non-compliant market maker and introduced new partners, planning to conduct the SHELL buyback.

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SHELL buyback plan

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