CoinVoice has recently learned that, according to The Block, the decentralized trading protocol Saros has announced the launch of a long-term token buyback plan, with the first phase having purchased 100 million SAROS (approximately 38 million USD).

The foundation stated that the recent rise in token prices is partially due to ongoing buybacks, and in the future, 20% of the protocol's revenue will be allocated for buybacks each quarter, with the scale gradually expanding as revenue grows.

According to the announcement, the buyback funds come entirely from protocol revenue and aim to feed back the ecological development value to the community. Saros promises to release an annual buyback progress transparency report and plans to expand the utility of SAROS tokens in scenarios such as staking incentives and governance. [Original link]