Spores Network announces Q4–2021 Token Buyback
Back in October 2021, we announced our SPO Buyback Program as part of our continuous effort to drive positive change to celebrate and foster growth for our community.
For every business quarter, 25% of the profit from NFT sales will be utilized to buy back SPO tokens from exchanges. Those bought back tokens will then be locked for two years.
In Q4–2021, we conducted various successful projects — Netvrk Land & Transport Presale, Polkafantasy Land Presale, Animalia INO, BitHotel IRO, ChainGuardians INO… — and generated over $2-million worth of GMV. Notably, our top-performing campaigns are:
- Netvrk Transport Presale ($1,341,000)
- Netvrk Land Presale ($826,500)
- Polkafantasy Land Presale ($162,900)
We’ve concluded our reconciliation and finalized the buyback for Q4–2021 to be $34,378 worth of SPO tokens.
One of our business mantras is about transparency — so in that spirit — we will be sharing the wallet address so that the community can track our progress.
We will conduct our buyback over the next 2 weeks and will keep the community informed of our progress.
Stay tuned for more news and updates from Spores Network!
About Spores Network
Spores Network Founders believe that the decentralization of ownership and burgeoning metaverse will uniquely bridge our digital and physical lives. Our mission is to create a GameFi / Metaverse Publisher that is creator-centric, community-driven, and borderless engaging entertainment IP and corporate brands.
Spores Co-Founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.
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