Long.xyz launches LONG 500, routes 10% of fees to token buybacks
- —LONG 500 covers more than 70 tokenized stocks on Robinhood Chain
- —5% of fees from new pairs go to the AI community treasury
- —Another 5% funds buybacks and burns of paired tokens
- —Buybacks are open to anyone around the clock
Why it matters: The buyback-and-burn mechanism creates steady demand for paired tokens as trading in tokenized equities grows.
Source: TokenPost