First-Ever Buyback & Lock Program for $ORO and $UFARM

At OroPocket, we are excited to announce our first ever Buyback and Lock program for both $ORO and $UFARM tokens.

Most of the world’s economies work on the principle of contraction and expansion. This is how they’re able to scale and sustain.

While most DeFi projects follow Buyback and Burn programs, at OroPocket, we work on a similar model which is more rewarding and scalable.

Buyback and Lock

At OroPocket, we charge fees from projects joining us for UniFarm Cohorts. We will be using 25% of this fee to buyback $ORO and $UFARM tokens from the open market to lock them up for 12 months.

After 12 months, the $ORO and $UFARM tokens shall be moved to the treasury.

This not only ensures steady contraction but also provides the stability needed to scale.

In contrast to the traditional startup world, where there are Series A/B/C/D funding rounds available for scaling, we need to make sure that treasury is well-capitalized to adequately scale for a token economy.

The Buyback Happens on June 4, 2021 around 1:30 PM UTC

NOTE: $ORO and $UFARM Buybacks will be a quarterly activity, with 50% of the UniFarm revenue for that quarter being used for this purpose.
For this buyback, revenue from Jan—April 2021 would be utilised.
This activity will repeat next quarter in September.

You can buy $ORO and $UFARM tokens effortlessly by clicking here. 👇

Note: Once the BuyBack has happened, we will be sharing the transaction details with the community to ensure transparency.

UniFarm is a one of a kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.