Topic: #tokenomics
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Crypto valuations could double as protocols adopt token buybacks
Bitwise Chief Investment Officer Matt Hougan said crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, with revenue-capture mechanisms expected to spread across DeFi and layer-1 networks over the next 12 to 24 months.
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TON Rebrands to Gram, Token Surges 15% on Announcement
The Open Network announced plans to rebrand its Toncoin (TON) token back to Gram, its original name from the first white paper. The token surged 15% to $2.25 on the news, though it has since retreated to $2.07 by Tuesday morning.