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StonkFun said it had distributed more than 90000000 USD in rewards and disclosed revenue, buyback, and burn data.
StonkFun: has distributed more than 90000000 USD rewards
BlockBeats reports that October 5，Solana on-chain token issuance platform StonkFun stated that it has cumulatively distributed rewards worth more than 90000000 USD.
In addition,October 4 platform revenue 590,268 USD, of which 353,601 USD was used for buybacks, and 1790000 tokens of STONK.
Original link https://m.theblockbeats.info/flash/370281
StonkFun is a token issuance platform on Solana.
StonkFun stated that it had cumulatively distributed rewards worth more than 90000000 USD.
October 4, platform revenue was 590268 USD。
of which 353601 USD was used for buybacks, and 1790000 tokens STONK。
The above information was relayed by BlockBeats.
The following is analysis, separate from reported facts. Verify important claims independently.
This news primarily introduces the reward distributions, platform revenue, token buybacks, and burn data disclosed by StonkFun. A buyback is the use of funds to purchase tokens back; a burn is the reduction of the number of tokens in circulation.
These data concern how platform revenue is used, as well as STONK token rewards, buybacks, and burns.
Beginners can use this to understand that platform revenue may be used to reward holders, buy back tokens, and burn tokens, but this does not mean that the token price or returns will necessarily increase.
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