Sign, a massive buyback of 16.6 billion won... 117 million tokens absorbed by the market.

Completed First Large-Scale Acquisition with Open Market-OTC Two-Track Strategy... Presenting a 'Community-Centered Token Economy' Blueprint

Sign announced today that it has completed its first Sign (SIGN) token buyback worth a total of $12 million (approximately 16.6 billion won). This buyback was conducted through a two-pronged approach of open market and over-the-counter (OTC) trading.

Specifically, the foundation invested $8 million to purchase approximately 117 million of its tokens in the secondary market, and the remaining $4 million was secured through OTC transactions.

The secured tokens are set to be used for three strategic purposes. First, expanding real-use cases through cooperation with listed companies, second, supporting market-making for global exchange listings, and third, operating the Orange Dynasty community rewards program.

A Sign representative emphasized, "This buyback reflects our strong confidence in the long-term value and fundamentals of the Sign (SIGN) token" and "This is our first step in practicing our mission of building a sustainable, community-centered token economy".

Choi Joo-hoon joohoon@blockstreet.co.kr