According to Foresight News , Amir, founder of the decentralized telecommunications infrastructure project Helium, tweeted that the market doesn't seem to care about projects buying back their tokens, and therefore, he has decided to stop wasting funds on buybacks under the current circumstances. He stated that Helium and its mobile business generated $3.4 million in revenue last October alone, and he prefers to use these funds for business expansion rather than investing in a bottomless pit.
Helium founder: Token buybacks will be halted because the market has not responded appropriately to them.
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