MBG Buyback and Burn Program Set to Remove 50% of Supply in Four Years

MultiBank Group has jumped into the fray to add more value to its native token, $MBG. Known widely as the world’s largest financial derivatives institute, MultiBank has started an aggressive buyback and burn program with the goal of aggressively pushing the value of the token upwards by removing 50% of MBG’s total supply over the course of the next few years.

The company’s ambitious goals involve removing a massive chunk — $58.2 million worth of $MBG tokens — in the first year alone, which would effectively reduce the total supply by 10.5%. And over the next five years, the goal is to burn $440.26 million worth of tokens, bringing the supply down by at least 25.4%.

The internal mechanism of the ecosystem will ensure that 50% of the total supply is reduced as the usage of the token increases across the ecosystem.

It is a Cornerstone of Our Future Digital Infrastructure – CEO of MultiBank

“$MBG is designed to be more than just a utility token — it’s a cornerstone of our future digital infrastructure,” said Zak Taher, CEO of MultiBank.io. “Our buyback and burn program is a direct reflection of our confidence in its value and the ecosystem we’re building around it.”

The token will make its debut on the Ethereum blockchain and will serve as a multi-utility crypto leveraged for loyalty rewards, payments, as well as intercompany settlements across the key MultiBank Group businesses, which include MultiBank FX for retail trading, MEX Exchange for institutional ECN services, and MultiBank.io for crypto products.

It is said that users will be able to utilize $MBG for staking, paying fees, receiving cashback, and unlocking other benefits such as discounts and early access from the very first day.

Deflationary Model that Goes Beyond Mechanics

MultiBank Group says that its deflationary model goes beyond mechanics, and the strength of global financial institutions is backing it up. With its current average daily volume reported to be $35 billion, MultiBank Group also has a $607 million balance sheet and a net income of $275.9 million in 2024.

Being the world’s largest financial derivatives institute, the platform also has 17 regulatory licenses, which give it the ability to operate across 5 continents. MultiBank is valued at $29 billion, with its institutional ECN platform, MEX Exchange, alone valued at $23.7 billion.

MultiBank.io and Future Plans

The group’s first centralized exchange — MultiBank.io — will make its debut in June 2025, at the same time as the MBG token’s generation. As the utility of the project broadens further, the buyback program will scale accordingly, ensuring it can potentially extract the most value.

Future plans for the MBG token involve integrating its utility across MultiBank Group’s international infrastructure in 2025, expanding it into the ECN and prime brokerage offerings in 2025, and launching the project’s decentralized exchange in 2025. By 2030, the Group hopes that the daily trading volume will exceed $460 billion.

For more information, visit: https://token.multibankgroup.com

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.