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Nuco.cloud Announces New Buy-Back and Burn Initiative for $NCDT Starting in 2025

Nuco.cloud Announces New Buy-Back and Burn Initiative for $NCDT Starting in 2025

Nuco.cloud launches a buy-back and burn initiative for $NCDT, using a portion of cloud computing revenue to enhance token value.

Image of Tanishq BodhTanishq BodhNews

Nov 1, 2024

Written By Tanishq Bodh

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.

Details of the Buy-Back and Burn Phases

The initiative will unfold in phases:

  • 2025: Nuco.cloud plans to allocate 20% of all cloud computing revenue from the first half (H1) of 2025 for the buy-back and burn of $NCDT, adjusting to 15% in the second half (H2) of the year.
  • 2026: Shifting from revenue to profits, 20% of profits from H1 and 15% from H2 will contribute to $NCDT buy-backs and burns.
  • 2027 and Beyond: By 2027, Nuco.cloud will allocate 10% of profits from H1 and 5% from H2 for the same purpose, maintaining a consistent reduction in supply.

Added Utility for B2B Customers

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.

Next Steps and Roadmap

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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In this article

Details of the Buy-Back and Burn Phases

Added Utility for B2B Customers

Next Steps and Roadmap

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