๐Ÿ”„ What Is a Reverse Auction? InterLink Labsโ€™ Reverse Auction mechanism is a new and important initiative for the ITL ecosystem. Through this mechanism, ITL holders can voluntarily submit how much ITL they want to sell and the price they are willing to accept. Based on these submissions, InterLink Labs may use its own Treasury to repurchase ITL directly from the market. Most importantly, participation is completely voluntary. Every holder has full control over whether they want to sell their ITL and the price they are willing to accept. The repurchased ITL may be permanently burned or potentially used to support Ambassadors, builders, developers, KOLs, and community contributors. This is more than just a buyback mechanism. It represents a new approach to managing ITL as a long-term strategic treasury asset. ๐Ÿš€ #InterLink #ITLG #ITL #ITL
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