Helium switches from burning HNT to daily buyback

On October 21, Helium announced the shift to a daily HNT acquisition mechanism through the automatic average price system (DCA), replacing the previous “token burning” method. This move aims to increase the scarcity of HNT, directly linking it to daily network revenue while attracting institutional investors.

According to the Helium Foundation, the transition from “internal burning” to acquisition in the open market has helped the price of HNT increase by 3%, reaching $2.06 immediately after the announcement. The DCA system is also expected to help stabilize and enhance the long-term value of the token.

In addition, Helium is developing the (Digital Asset Treasury) to optimize profits from token assets. Although the initial market reaction has been quite positive, the broader impact remains limited as regulators and major analysts have yet to make official statements.

HNT4.62%
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