Day: August 23, 2023

Data Lake is proud to announce its first buyback of LAKE token after the successful completion of our first data sale! As outlined in our whitepaper, a percentage of our revenue from each data purchase is allocated towards buying LAKE tokens from the market. These tokens are subsequently distributed to our ecosystem stakeholders – including Data Donors – with a vesting period.

We are thrilled to announce the first of a series of monumental leaps forward for LAKE Token that demonstrate our unwavering dedication to its growth, value, and the vibrant community that propels it. In a resounding declaration of commitment, we have taken the groundbreaking and significant step of burning 66% of the total supply of the token.