StonkFun, a token issuance platform on Solana, said it has distributed more than $90 million in rewards to holders of its reward token, according to a post cited by Odaily. The platform also disclosed its revenue for Oct. 4, saying it brought in $590,300 that day. Of that amount, about $353,600 was used for buybacks, while 1.79 million STONK tokens were burned. The update provides a snapshot of the platform’s reward distribution and capital allocation on a single day, covering cumulative payouts, daily revenue, buyback spending, and token burn volume.
StonkFun, a Solana-based token issuance platform, said it has distributed more than $90 million in cumulative rewards to holders of its reward token, according to Odaily.
The platform also said revenue on Oct. 4 reached $590,300. About $353,600 of that total was used for buybacks, and 1.79 million STONK were burned.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
