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FollowingInterlink officially completes phase 2 of its ITL reverse auction repurchase program
Interlink has officially closed phase 2 of its ITL reverse auction repurchase program, marking a new step in the project's continued efforts to manage the supply of tokens through open, competitive market participation.
Detailed explanation of the reverse auction mechanism
Under the reverse auction model, ITL holders submit a quote stating the number of tokens they wish to sell and the expected price. According to the first phase data released by the project repurchase portal, a total of 737 quotations were received, involving a total of 92,500 ITLs, with a median asking price of 20.00 USDT. After the end of the first phase, based on the available treasury budget, approximately 20,000 ITLs were approved for purchase, and the settlement was paid directly to the participants 'BEP20 wallets in the form of USDT. As the second phase ends, the core team is conducting a final evaluation of all valid submissions to confirm that they meet treasury standards before purchasing processing occurs.
Supply shrinkage and broader token economics
The repurchase program is part of a broader framework of token economics and is designed to limit selling pressure. Interlink adopts a dual-token economy model: the main token ITLG (Interlink Creation Token) is distributed to verified users through identity verification, recommendation and network participation, and has both practicality and governance functions; the secondary token ITL is used for external payments, liquidity provision and institutional treasury use. Interlink is built on the "proof of personality" consensus mechanism, using facial vividness detection to eliminate robots, fake accounts and automated manipulations, ensuring that online rewards truly flow to real human participants. To further curb inflation, the project will implement up to 100 halving events and destroy ITLG through on-chain activities. The completion of the second phase marks the continued implementation of the team's treasury strategy. Token holders who submit valid entries can wait for the final result after the review process is over.
