Dynex Announces Systematic $10M Buyback

[Balzers, October 31st, 2024] To sustain and grow the value of Dynex’s DNX utility token, globally recognised as The Quantum Currency, Dynex has introduced its updated Economic Model, unveiled on October 14th as part of its 10-year Dynex Quantum Roadmap presentation at Web3Fest in Dubai. This model strengthens the fundamental financial value of Dynex, enhancing its token utility as a unique stored value token, positioning DNX as the world’s leading quantum currency. The drivers of the Economic Model are being executed step by step, demonstrating DNX’s commitment to not only enhancing its value but also reinforcing the trust it has built by delivering on its promises — first with launching the 0xDNX wrapped token, now the newly-announced DNX Buybacks plan, with more exciting announcements coming just around the corner.

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• DNX Buybacks: As part of the Dynex treasury plan, Dynex will complete a $10 million (United States Dollars) DNX buyback by 2026, which has strategic token implications. This buyback program will reduce DNX’s circulating supply, enhancing its scarcity and supporting long-term price stability and growth.

Dynex’s Buyback initiatives align with Dynex’s broader mission to create an ecosystem rooted in ethical integrity, where responsibility and gratitude for community contributions, strategic development, and token management go hand in hand.

DNX Buybacks

The Dynex treasury has announced a buyback program, with plans to complete a buyback of $10 million (United States Dollars) worth of DNX by 2026. This strategic move implies the reduction of the circulating supply of DNX, effectively increasing its scarcity within the market. By systematically buying back DNX, Dynex aims to create a more stable price floor, fostering confidence in the token’s long-term growth of value going hand in hand with Dynex global business developments.

Reducing the circulating supply of DNX will not only support long-term price stability but also has the potential to enhance growth prospects for the token. With fewer tokens available, each remaining DNX could hold greater value, potentially benefiting both current holders and future investors.

About Dynex

Dynex is a leading Quantum-as-a-Service Company, offering businesses an efficient, scalable solution for high-performance computing underpinned by a robust commitment to ethical integrity. With cost-effective subscription plans available to everyone, Dynex enables industries to solve real-world problems at scale with unparalleled computational power. Across different industries from artificial intelligence, pharmaceuticals, finance, aerospace and many more, Dynex drives exponential growth in the most complex fields, meeting the increasing demand for advanced computing solutions. Powered by its native token $DNX, Dynex promotes transparency and trust through its Layer 1 blockchain, delivering secure, scalable quantum computing solutions for real-world and blockchain- based challenges.

Learn more at https://dynexcoin.org