KyotoProtocol.io

<p><em>In a historic deal, the KYOTO Foundation has announced an unprecedented acquisition of 120 million KYOTO coins ($KYOTO), marking the single largest purchase in the foundation’s history.</em></p><p>This transaction raises the foundation’s supply holdings to an impressive 316,475,326 $KYOTO, further establishing its commitment to advancing its native ecosystem. With a value exceeding $40 million based on a launch price of 33 cents, this significant acquisition showcases the KYOTO Foundation&#39;s dedication to protecting and enhancing the value of its token. The move has strategically reduced the number of publicly owned tokens in circulation, amplifying demand-over-supply dynamics and bolstering confidence in the market.</p><h3 id="strong-ringfencing-liquidity-for-sustainable-growth-strong"><strong>Ringfencing liquidity for sustainable growth</strong></h3><p>The foundation will look to lock up its bolstered supply via smart contract, reserving 8% specifically for liquidity purposes. This step effectively reduces the available supply of $KYOTO by 120,000,000, solidifying the foundation&#39;s role as a steward of stability and economic strength, giving an added benefit to existing holders.</p><h3 id="strong-empowering-operations-through-the-kyoto-token-strong"><strong>Empowering operations through the $KYOTO token</strong></h3><p>KYOTO&#39;s blockchain ecosystem and supply chain operations are orchestrated through its native currency, $KYOTO. During the pre-launch phase, the company has garnered a loyal community of holders spanning Discord, Twitter, Telegram, and the KYOTO Foundation. These stakeholders, as owners of $KYOTO coins, enjoy the liberty to fully engage with and explore the KYOTO ecosystem.</p><h3 id="strong-ashton-hunt-co-founder-of-kyoto-said-of-the-deal-strong"><strong>Ashton Hunt, Co-founder of KYOTO, said of the deal:</strong></h3><blockquote><em>“I am delighted to announce this significant moment in our journey, which comes at a critical stage of our development. Through this strategic acquisition of 120 million $KYOTO coins, we are not only fortifying the economic backbone of our token but also ushering in a new era of empowerment for our users and holders.”</em></blockquote><p><em>Follow the latest industry updates and KYOTO news, <a href="https://kyotoprotocol.io/" rel="noopener noreferrer nofollow">click here</a> to subscribe to our monthly newsletter, or follow us on <a href="https://twitter.com/KyotoRefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://discord.com/invite/kyotoprotocol" rel="noopener noreferrer nofollow">Discord</a>, <a href="https://www.linkedin.com/company/kyotoprotocol-io/" rel="noopener noreferrer nofollow">LinkedIn</a>, and <a href="https://t.me/KyotoProtocol" rel="noopener noreferrer nofollow">Telegram</a>.</em></p>

Kyoto Foundation secures landmark acquisition of 120 million KYOTO coins

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