Today Forj announce a new $BONDLY token buyback program that will directly tie our token ecosystem to the success of our ApeCoin ecosystem venture, $APE Accelerator.
In our AIP-209 proposal last year Forj outlined that the % of guaranteed commission for each launchpad sale would total 5%, with up to 10% being dedicated to the ApeCoin community. Naturally we want to ensure our own community at Forj also benefits from the success of our sales on the $APE Accelerator, and so Forj today are announcing that ALL of the 5% commission earned for each $APE Launchpad sale will be used to buy back $BONDLY from the open market.
Each buyback will take place within 28 days of an $APE Launchpad sale, and in recognition of the spirit of the program Forj will also backdate to include our sold out Launchpad sale for Space Nation in March 2024. The buyback related to this sale will take place over the coming days.
it’s just one of many ways we will be looking to add utility to the $BONDLY token in the coming months, so stay tuned!
ABOUT FORJ
A subsidiary of Animoca Brands, Forj delivers leading Web3 ecosystem growth for projects and entrepreneurs in the blockchain space. Our network includes Forj Launchpad and $APE Accelerator, a community-driven Web3 accelerator and launchpad funded by the ApeCoin DAO, supporting and launching projects that seek to add value to $APE holders and the wider ecosystem.
