BlockBeats News, October 21st, Decentralized Telecommunications Infrastructure Project Helium announced that its team is currently burning Helium Mobile revenue daily to offset network emissions. In the future, they will repurchase HNT from the market to match the daily burn, rather than using the team’s treasury, and plan to execute this through an automated process. This mechanism does not affect ongoing temporary purchase activities on CEX, AMM, through market makers, and direct OTC.
Additionally, in the past month, Helium has been exploring launching a digital asset treasury business. This business will acquire HNT on the public market and OTC and increase per HNT through network-aligned yield-generating activities.
