Nuco.cloud launches a buy-back and burn initiative for $NCDT, using a portion of cloud computing revenue to enhance token value.
Author: Tanishq Bodh
Written On: Fri, 01 Nov 2024 10:15:09 GMT
Nuco.cloud has announced a buy-back and burn initiative for its native token, $NCDT, set to begin in 2025. This new initiative aims to use a portion of cloud computing revenue and profits to buy back and burn $NCDT, reducing its supply and adding value for holders within the Nuco.cloud community. According to the team, the strategy will follow a phased approach, starting with a percentage of revenue and moving to profits over time.
The initiative will unfold in phases:
Nuco.cloud is also expanding $NCDT’s utility for B2B customers. To access the platform and receive a 20% discount, business clients will need to hold a minimum of $1,000 USD worth of $NCDT in their wallet. This requirement aims to strengthen $NCDT’s role in the Nuco.cloud ecosystem by adding practical utility to the token.
The team plans to release further updates on $NCDT’s token utility roadmap next week, with insights into how the buy-back and burn initiative aligns with Nuco.cloud’s long-term vision.
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