Avantis launches AVNT token buyback and burn plan, with 30% of trading revenue used for buybacks

GateNews

2026-03-12 00:59:19

AVNT20,42%

Gate News announced on March 12 that Avantis has launched an AVNT token buyback and burn program on the X platform. Under this plan, Avantis will use 30% of its daily trading revenue (including opening and closing fees and profit fees) to buy back and burn AVNT tokens on the open market. This mechanism is now officially in effect. Additionally, the official statement indicates that after future protocol efficiency upgrades, the buyback ratio may increase to over 50%, with an expected implementation before the end of the second quarter of 2026.

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