Buyback Program
Last updated
Last updated
In order to empower our community to participate confidently in building the foundation of a sustainable, user-owned internet, Bluwhale is pioneering a mechanism: the 'Up-to-100% Buyback Program',
Eligibility: Node license holders who have maintained 70% or higher participation rate, and have not redeemed any veBluwhale rewards to $Bluwhale (veBluwhale is a non-transferable token primarily used for protocol governance) will be eligible for the buyback program.
Timeline: From six months post Token Generation Event (TGE), node license holders have 7 days to participate in the Program.
100% buyback with $Bluwhale, value equivalent to the price of nodes denominated in USDT at the time of node purchase. 30-day linear vesting from time of buyback. OR
80% immediate buyback in ETH, value equivalent to the price of nodes snapshot in ETH at time of purchase. Immediate ETH release.
To ensure transparency and security, Bluwhale is integrating the 100% buyback program into smart contracts and collaborating with reputable, top-tier third-party auditors.
Funds will be collected in a cold wallet address and serve as the security deposit for the ETH buyback.
Arbitrum Address:
10,000,000 $Bluwhale is allocated from treasury to ensure a 100% buyback with a 30-day linear vesting period. Node license holders will keep all airdrops prior to participation in the Program.
Some of the bought-back nodes will be reallocated to existing active node operators to further incentivize their participation. The rest will go to the Bluwhale treasury, with potential uses including sharing node operation rewards with $Bluwhale stakers, or conducting node resale or burning.
More information will be announced on this webpage. You can also follow Bluwhale's social media and community to receive notifications.