CPChain Announces First-of-its-Kind Token Buyback Plan

SHANGHAI, Aug. 29, 2018 /PRNewswire/ -- Cyber Physical Chain (CPChain), the full-scale decentralized data infrastructure for the next generation of the Internet of Things (IoT), today announced its plan to buy back 50 million CPC tokens from the open market over the next 12 months. The buyback, which is the first of its kind in the industry, will allow the CPC token to retain its value by being removed from current market conditions, and demonstrates the company's commitment to increase value for CPC token holders.

"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," said Dr. Long Chengnian, CEO of CPChain. "We believe that the company's tokens are an attractive investment opportunity and repurchasing tokens is an important part of our token allocation strategy."

Currently, 376 million CPC tokens exist, and buying back the tokens from the open market will further boost existing tokens' value and increase the stake token holders have in the comany. CPChain plans to buy back more than 13 percent of the total tokens, which will be removed from circulation and create a healthy ecosystem of CPC coins.

CPChain has made strides within the industry, closing $30 million in a private sale in less than 48 hours, and receiving support in the form of investments and partnerships from the Trusted IOT Alliance (TIOTA), MOBI, High Performance Blockchain (HPB) and VeChain. The company is on track to launch its PDash platform later this year, which incentivizes users to share information and assures the quality of data listed in its marketplace without the need for costly third-party support from data miners.

For more information, visit: https://cpchain.io/ or join their community: https://t.me/CPChain.

About CPChain
Cyber Physical Chain (CPChain) is a China-based distributed infrastructure platform for the next generation of the Internet of Things (IoT). CPChain's goal is to integrate blockchain and encryption via cloud storage to enable IoT devices to interact with different data sets over cross-chain applications. It can reduce the cost of system interconnection, increase the value of data sharing, and improve end-user privacy and system security. CPChain focuses on the scalability, security and real-time issues that blockchain faces in the IoT industry. For more information, visit: https://cpchain.io/

View original content:http://www.prnewswire.com/news-releases/cpchain-announces-first-of-its-kind-token-buyback-plan-300703565.html

SOURCE Cyber Physical Chain (CPChain)

[ Back To TMCnet.com's Homepage ]