PANews reported on March 18 that MyShell released more details about the SHELL token repurchase plan. A total of 8 million USDT generated from SHELL transactions (buy and sell) have been frozen in the market maker's Binance account; these assets will all be used for the SHELL repurchase plan, which will be implemented within 90 days. The repurchase operation will provide stable support for the token value and inject confidence into investors; to ensure full transparency, all repurchased SHELL tokens will be transferred to the on-chain wallet starting with 0x8d67 after each repurchase transaction.
Earlier on March 10 , MyShell stated that it had terminated cooperation with illegal market makers and introduced new partners, and planned to repurchase SHELL.
