Nucleon Announces Buyback Program to Celebrate 50 Million CFX Staked
To celebrate the significant milestone of 50 million CFX staked on the Nucleon Protocol, the Nucleon team chose to use its monthly mining pool service fees from the past 2 months starting Sept. 9th through Nov. 16th to buyback NUT and convert it into a veNUT NFT.
A total of 45,507 CFX was accumulated and used to purchase 675.78 NUT to mint veNUT #412. All subsequent xCFX obtained from this veNUT NFT will be used to repurchase NUT.
The address of veNUT #412 is: 0xb66aA2D72292f19d2DEc618c44A4a1215084ab38
The Team would like to thank the founder & head of the project, Artii, for personally spearheading this decision to use his portion of the service fee to buyback and stake the NUT for the benefit of all NUT holders.
About Nucleon
Nucleon is a liquid staking solution for Conflux PoS backed by industry-leading staking providers. Nucleon lets users stake their CFX without locking assets or maintaining infrastructure.
Our goal is to solve the problems associated with Conflux PoS staking — illiquidity, immovability, and accessibility — making staked CFX liquid and allowing for participation with any amount of CFX to improve the security of the Conflux network.
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