Cyber Physical Chain (CPChain) Opens Unique CPC Token Buyback Option
CPChain Announces First Of Its Kind Token Buyback Plan
Cyber Physical Chain (CPChain), a China-based blockchain company recognized as a full-scale decentralized data infrastructure for IoT generation has announced its intent to purchase at least thirteen percent of its tokens, re-instilling value for its investors.
CPChain revealed that it is part of their immediate plan to buy back a total of 50 million CPC tokens from the open market in the span of 12 months. They said that this step, which is the first in the industry, is their way demonstrating that the company is indeed committed to increasing the value of the CPC token for their holders.
Through the buyback, the CPC token will be removed from current market conditions, thus retaining its value. This has been perceived by the infrastructure as a positive step for the good of not only the company but also its token holders.
Dr. Long Chengninan, CEO of CPChain, said,
“We are pleased that CPChain's strong balance sheet and cash flow enable us to return value to our investors through our future RNode Plan and token repurchases, while at the same time to bring back the true and fair value of our project.”
“We believe that the company's tokens are an attractive investment opportunity and repurchasing tokens is an important part of our token allocation strategy.”
At present, the total of existing CPC tokens is at 376 million. The move to buy back some of these tokens from the open market will boost these existing tokens' value, resulting to the increase of token holders’ stake in the company. In other words, the buyback will create an ecosystem for CPChain that is nothing but healthy.
It can be recalled that the company has been successfully creating strides within the industry. They have close $30 million in a private sale within the span of 48 hours. They have also received support from the, MOBI, Trusted IOT Alliance (TIOTA), VeChain, and High Performance Blockchain (HPB) via investments and partnerships.
Furthermore, the company has announced earlier that it is on track with regard to launching its PDash platform later this year. This platform will incentivize users to share information at the same time assure the quality of data that is listed in its marketplace. The need for costly third-party data miners will no longer be necessary.
CPChain has always been committed to its goal of integrating blockchain and encryption through cloud storage. This is their way of enabling IoT devices to interact with several data sets over cross-chain applications.
The infrastructure has a core feature: to realize the transmission of the value of cyber-physical systems. To add, CPChain has been focused on issues that blockchain faces in the industry. These include scalability, security, and other real-time issues. It involves three major adoption scenarios: multiparties data transaction, artificial intelligence based on IoT big data, interaction and application of data assets n cross-chain.