Hello, we're XENT.
The foundation plans to fully deposit the funds to be used for token buybacks, which will run from June 15 to June 30.
Accordingly, For the separation management of tokens in the account, the purchase of personal tokens by the CEO will be temporarily suspended.
[Details]
CEO Purchase Tokens: 508,178.23988788 ENTC (as of 2024.6.12.)
->The quantity is managed separately from token buybacks, and when withdrawing are resumed in the future, withdrawing and storing them in an external wallet
Foundation contribution token buyback fund: KRW 400,000,000
->The full amount of the market price is used through the purchase of the equal installment from June 15 to June 30
Processing procedures for tokens purchased through buyback
-> After the buyback period is over, withdrawal is made in a batch to an external wallet, and all of them are incinerated
*We'll inform you through an additional notice when the full deposit of the token buyback fund is completed.
* Token buybacks will only be made through market price purchases once to three times a day.
*When tokens are withdrawn to an external wallet and burned after token buyback is completed, tokens of less than 1unit are raised and processed.
(Existing Notice Log)
We'll do our best to protect the rights and interests of users
Thank you.