New stock pair transaction fees 5% injected into AI reserve, Long.xyz launches LONG 500 and uses another 5% for buyback and burn of paired tokens
Odaily News: Long.xyz announces the launch of LONG 500, aiming to build the financial layer for on-chain stock communities and establish it as the S&P 500 index of the tokenized stock sector. LONG currently supports over 70 tokenized stocks. In the future, of the stock token fees generated by each new stock pair trading pool, 5% will be injected into the AI community treasury, and another 5% will be used for buyback and burn of paired tokens. Anyone can trigger buybacks around the clock. The automatic reinvestment mechanism for liquidity pool returns will continue to operate, and creator fees will remain unchanged; Long.xyz also plans to upgrade the community treasury for all previously launched trading pairs and add new features.
